[7] In 1979, Volkswagen AG held a 67% share in Chrysler Motors do Brasil Ltda., a Brazilian commercial vehicle manufacturer.

[citation needed] In 2000 Volkswagen contributed 3 billion German marks to Swedish Scania AB, controlling 34% of the voting rights and holding 18.7% of the share capital.

In 2006, MAN SE presented Volkswagen and the other Scania shareholders with a takeover offer in the amount of 9.6 billion euros.

A few days later, Volkswagen rejected the offer, and broached the subject of a potential truck alliance for the first time.

Volkswagen acquired further MAN SE shares at the beginning of May 2011 and was obliged to submit a takeover offer, which it did at the end of the same month.

On April 16, 2013, Volkswagen AG applied for “Truck & Bus GmbH” to be entered into the commercial register of the city of Wolfsburg.

[citation needed] In February 2014, Volkswagen issued a voluntary public takeover bid to the remaining shareholders of Scania.

Following the squeeze-out under Swedish law, Volkswagen AG became the holder of 82.63% of the voting rights directly and another 17.37% via MAN SE.

Andreas Renschler, at that time responsible for the commercial vehicles on the board of management of Volkswagen AG, became CEO.

[citation needed] In 2016, Volkswagen Truck & Bus acquired a 16.6% stake in U.S. commercial vehicle maker Navistar International Corporation.

Both companies entered into a strategic technology and supply cooperation initiative and established a purchasing joint venture.

[19] In 2018, Volkswagen Truck & Bus and Hino Motors announced a wide-ranging strategic partnership for activities including procurement, technologies, and logistics.

As a result of the merger, MAN Truck & Bus SE, Scania AB, and Volkswagen Caminhões e Ônibus were to become wholly owned direct subsidiaries of Traton.

[29] Traton forms the Commercial Vehicles Business Area of the Volkswagen Group, which owns a 89.7% majority shareholding.

It has light-, medium-, and heavy-duty trucks for long-distance and distribution transport, construction sites, and special areas.