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Volkswagen AG has raised its stake in German truck maker MAN SE, as it seeking to forge a deeper truck alliance between the two companies and Sweden’s Scania AB, Bloomberg reported.

Swedish truck maker Scania AB’s fourth-quarter profit tripled as the European truck market rebounded, Bloomberg reported.

Swedish truck maker Scania AB opened its second dealership in Iraq and seeks to start another one this year as the country’s reconstruction spurs demand, Bloomberg reported.