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Media: Diesel-gate could trigger forced sale of MAN

Renowned German business media Handelsblatt estimates that "Diesel-gate" - Volkswagen's rigging of cars' exhaust - could become so costly that the German conglomerate could be forced to sell of MAN Diesel & Turbo. Volkswagen rejects the notion.

Photo: Arkiv/POLFOTO

MAN Diesel & Turbo is now once again being linked to the comprehensive scandal at German industry icon Volkswagen, which is struggling with lawsuits, financial compensations and severe image issues in the wake of the Diesel-gate scandal.

German business media Handelsblatt projects that the fraudulent practice related to the CO2 emissions from Volkswagen cars could become so costly for the company that it will be forced to sell of the marine division of MAN Diesel & Turbo in order to raise the upwards of euro 4-5 billion that the unit is estimated to fetch. Volkswagen originally acquired MAN due to an interest in the truck division, and the transaction included the marine business. As such, notes Handelsblatt, a divestment of this unit in particular would make sense if the group is forced to raise additional capital while not wishing to make cuts to the core business of cars and trucks.

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