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Cummins makes offer for VW’s large engines unit, sources say

Cummins makes offer for VW’s large engines unit, sources say

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United States-based diesel engines maker Cummins has made an indicative offer for Volkswagen’s MAN Energy Solutions unit, people close to the matter said, as the carmaker seeks to slim down its portfolio of disparate assets. Volkswagen announced in May that it is exploring a sale or partnership for its MAN Energy Solutions as part of a restructuring of the German cars, trucks and bus empire. VW has held talks with Cummins, and received an offer from the U.S. company for MAN

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Cummins makes offer for VW’s large engines unit, sources say originally appeared on Autoblog on Fri, 19 Jul 2019 13:05:00 EDT. Please see our terms for use of feeds.

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July 20, 2019 at 09:59AM