Word: scania
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...donating a further €1 million to relief charities. Sanofi-Aventis' British competitor GlaxoSmithKline, which lost two vacationing employees in the disaster, is giving $3.8 million and more than 2 million doses of drugs, and is prepared to donate 600,000 vials of vaccines to relief operations. Swedish truckmaker Scania - whose country may have suffered Europe's highest death toll...
...still missing - donated five trucks and made equipment loans and other contributions valued at $2 million, all of which went to Indonesia for reconstruction in northern Sumatra. "This is a big catastrophe for people living in the region and it's our way of showing our involvement," says Scania chief financial officer Jan Gurander. Mobile-phone company Vodafone Group donated $1.7 million to relief groups, and $187,000 to Télécoms sans Frontières, which installs mobile networks in areas blighted by disaster and war, and MapAction, which performs satellite mapping to facilitate logistical support. French...
...preserving profit. But now the company best known for the tiny "people's car" is thinking about trucks - big ones. And buses. And diesel engines. Industrial customers want manufacturers to deliver entire, diverse fleets. So Pischetsrieder has been talking to shareholders of Munich truckmaker MAN and Sweden's Scania, in which VW already has a stake, about creating Europe's third-largest truckmaker (behind DaimlerChrysler and Volvo). "There are question marks over the strategic sense of a move into heavy trucks on the part of VW," says Commerzbank analyst Robert Ashton, adding that Pischetsrieder may actually be trying to sell...
...sure, automaking has become such a globalized business that the nationality of cars is increasingly blurred. GM owns 38% of Japan's Isuzu, 50% of South Korea's Daewoo Motors, 50% of Sweden's Saab-Scania and 5% of Japan's Suzuki, and shares some manufacturing operations with both Toyota and Suzuki. Those alliances give GM global reach, but the automaker was in danger of evolving into little more than a holding company if it did not relearn how to manufacture competitive cars in its own plants...
...latecomer to the Saab wooing game, which began when Ford started courting the company earlier this year. After the collapse of those negotiations, auto-industry analysts expected Italy's Fiat to be the winning suitor. For Saab-Scania, which lost $123 million on its car-making operations in the first half of 1989, the advantage of the deal was access to GM's deep pockets. GM will gain badly needed production capacity at Saab's five plants in Europe, plus a stronger position in the U.S. and European luxury-car markets...