FRANKFURT (Reuters) -- Volkswagen Group may restructure its trucks business so that it could be spun off from the main group, and establish a separate headquarters for it in Frankfurt, German monthly Manager Magazin reported, citing company sources.
The report said the trucks holding company would be structured so it could be listed on the stock exchange in the event that parent company Volkswagen wanted to raise cash.
A VW spokesman declined to comment on "speculation."
Volkswagen has hired former Daimler manager Andreas Renschler to integrate its different trucks businesses, which include Swedish truck maker Scania and German MAN as well as its own VW-branded light commercial-vehicle business.
Renschler will start his job on Feb. 1, and wants to have 50 staff in Frankfurt to run the business, Manager Magazin said.
Although Volkswagen’s main business is in passenger cars, the group’s 12 brands stretch from Ducati motorcycles via VW mass-market vehicles to 40-ton trucks.
