MUNICH — Volkswagen Group’s lorry code MAN pronounced it will pull for larger assets in production, growth and administration this year to support a group’s expostulate to turn a vital force in tellurian truck-making.
The automotive organisation is introspective a batch marketplace inventory subsequent year of a trucks division, that has given 2015 driven adult distinction and sales by fostering larger team-work between a MAN and Scania brands in growth and purchasing.
“We wish to grasp a aloft turn of potency for a whole (MAN) group,” MAN SE CEO Joachim Drees pronounced during a truckmaker’s annual shareholder assembly on Wednesday, though being some-more specific.
Although a group, that includes a Diesel Turbo engine and Renk transmissions units, final year increased profit, orders and sales interjection to a prior turn of restructuring and pursuit cuts, CEO Drees pronounced he was not nonetheless satisfied.
“We consider this opening is encouraging, nonetheless profitability is still not satisfactory,” he said.
“We have each right to be unapproachable of what we have accomplished, though we should not rest on a laurels. Our aim is to grasp across-the-board value in a day-to-day work.”
For 2018, MAN is targeting a slight boost in organisation income from final year’s 14.3 billion euros ($16.89 billion), somewhat aloft lorry sales and handling distinction broadly relating a 2017 outcome of 566 million euros, Drees said.
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