MAN and Weichai negotiating truck and engine cooperation
Memorandum of understanding signed in China
MAN Nutzfahrzeuge AG, the Commercial Vehicles business area of MAN AG, has been successfully working together with Weichai Power Co., Ltd, a subsidiary of the Weichai Holding Group Co., Ltd, for 20 years in the licensing of motor vehicle and engine technology. Weichai Holding Group Co., Ltd is one of the biggest manufacturers of diesel engines, gear boxes, commercial vehicles and big marine diesel engines in China with expected sales in 2007 to reach €4 billion.
The MAN Group is one of Europe's foremost industrial players in the sector of Transport-Related Engineering, with sales in 2007 of some €15.5 billion. As a supplier of trucks, buses, diesel engines, turbo machinery and industrial services, MAN employs a workforce of around 55,000 worldwide. The MAN business areas hold leading positions in their markets. MAN AG, Munich, is listed in the DAX (German Stock Index) which comprises the thirty leading stock corporations in Germany.