BERLIN (AP) -- German truck maker MAN SE says it is seeking "closer industrial cooperation" with Swedish peer Scania AB but suggests any agreement would involve maintaining both brands.
MAN said Monday that the two companies are approaching talks "with mutually friendly intentions." It stressed that no decisions have been made and the outcome is still open.
Scania said in a statement of its own that "a full realization of potential synergies requires a closer cooperation by combining the two companies, while maintaining the unique brand values of the respective company."
Automaker Volkswagen AG has stakes in both companies and their comments followed an unsourced weekend report in German weekly Der Spiegel that VW is eyeing a takeover of MAN by Scania.
