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.............................. Man Nutzfahrzeuge
Logo and Trademark..............................
MAN AG (German: Maschinenfabrik Augsburg-Nürnberg AG, ISIN: DE0005937007) is a German transportation company. The MAN Group is mostly known for producing buses and trucks also big diesel engines
for oceangoing ships though the group is primarily involved in engineering activities. MAN specializes in: Commercial vehicles
Diesel and hybrid diesel-electric engines Turbomachines Industrial services.
In 1898 the Maschinenbau-AG Nürnberg (founded in 1841) and the Maschinenfabrik Augsburg AG (founded in 1840) merged to become the Vereinigte Maschinenfabrik Augsburg und Maschinenbaugesellschaft Nürnberg A.G., Augsburg. The company was renamed in 1908 to Maschinenfabrik Augsburg-Nürnberg AG, Augsburg (M.A.N.). From 1894 to 1987 Rudolf Diesel developed the Diesel technology together with engineers of MAN in the Augsburg plant of MAN.
Today it is one of Europe's leading manufacturers of engineering equipment and vehicles. In 2006, its 50,000 employees generated annual sales of around €13 billion in 120 different countries. The company has joint ventures and other cooperations with local companies in India, Poland, Turkey, and the United States.
MAN is listed on the DAX and is well respected in the field of transport engineering, having won numerous prizes. The latest ones achieved were in 2007 with the title "Truck of the year" and 2006 "coach of the year".On September 18, 2006, MAN made a €10.3 billion offer for a takeover of Scania AB, one of the leading truck and bus companies in Sweden. MAN AG bought 14.8% of the voting shares in Scania AB. Volkswagen AG, Scania's largest shareholder, acquired a stake of 20% of MAN, and has since raised that stake to 29%. It is expected that a combined MAN-Scania will also absorb Volkswagen's Brazilian heavy truck operations. In 2008 MAN will celebrate the 250th anniversary of the company with a gala event in Munich.
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