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VW to takeover MAN?

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VW to takeover MAN?

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Shares in German lorry maker MAN shot up on a newspaper report that Volkswagen is poised to make a full takeover bid for it.

VW owns a 29.9 stake in MAN and is eager to revive plans for a three-way truck alliance with Sweden’s Scania.

VW, which is Europe’s biggest carmaker, recently acquiring an almost fifty percent stake in Porsche and just invested heavily in Japan’s Suzuki.