Word: scania
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Dates: during 2000-2009
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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...