What is wrong with these people?
Having just seen £14.54 / €22 / £28.66 million spent on telling MAN to go breed, Investor AB – Scania’s second biggest shareholder – is now suggesting that everyone sits down again and agree a friendly merger.
There should, according to Jacob Wallenberg “… be a renewed, amicable discussion."
Nuts.
This will not work. Even if everyone – VW, Scania and MAN - were friends to start with, we find it difficult to believe they’re anything other than polite acquaintances now.
Will someone in Munich please ‘phone Dan Ustian at Navistar - +1 630 753 5000 – and talk about a deal. On another line, give Sergio Marchionne a call in Turin - +39 011 006 1111 – and conference him in. Iveco-MAN-Navistar equals no-brainer.
If someone in Södertälje could pick up the ‘phone and call VW – Martin Winterkorn’s your man, and the number is +49 53 61 90 – as well as Katsuaki Watanabe at Toyota on +81 565 28 21 21 and talk terms, then maybe daylight might emerge. Scania-Hino-VW LCV and Latin America. Looks very pretty to us.
As for Wallenberg – do they not have crèche facilities at the World Economic Forum?