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Tracking the VIV family tree back to Penske in US
19th January 2006, Page 22
19th January 2006
Page 22
Page 22, 19th January 2006
— Tracking the VIV family tree back to Penske in US
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Keywords :
Trucking Industry In The United States, Transport, Bloomfield Hills, Michigan, Penske Corporation, Vm Motori, Road Transport, Land Transport, Ldv Maxus, Vm, Daimler Ag, Maxus, Business / Finance
I N 1 OUR Mick Gleitl e 2006(CM 5 January), the entry on the LDV Maxus van refers to the Italian diesel engine manufacturer VM as "a DaimlerChrysler subsidiary". This is misleading.
The DC group holds 49% of VM Motori. but the majority 51% shareholding remains in the hands of the US Penske Corporation, even though Detroit DieseI.VM's previous parent when it was controlled by Penske. is now under DaimlerChrysler control.
Alan Bunting Harpenden, Huts
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