91ÊÓƵ

Swedish truck maker Scania AB reported a first-quarter profit but its net income slipped 29% after it cut jobs to prepare for slowing European demand and raised prices on some models, Bloomberg reported Tuesday.

Volkswagen AG moved closer to its goal of becoming Europe’s largest truck maker in moving toward gaining a majority in German truck maker MAN SE, Bloomberg reported.

German carmaker Volkswagen AG Tuesday formally launched a bid for German truck maker MAN SE by boosting its stake in that company, a move that could create Europe’s largest truck maker, Reuters reported.