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SCANIA-AB

The Wire

Porsche takes indirect control of Scania

Porsche said Monday that it had increased its stake in Volkswagen AG to more than 50 percent, a move that gave it indirect control of truck maker Scania AB and requires it to make a mandatory takeover offer for the Swedish company.

Scania suspends truck production for 1 month

Swedish truckmaker Scania AB on Wednesday said it will halt its truck production in Europe for one month because of a drop in orders.

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