UPDATE 1-VW trucks boss eyes expansion in Asia, singles out India

miércoles 21 de septiembre de 2016 13:03 GYT

* VW looking at Asia after taking Navistar stake -Renschler

* VW has no timetable for truck division IPO -Renschler

* MAN has no plans for further job cuts in Brazil -Drees (Adds detail, executive comments and background)

HANOVER, Germany, Sept 21 (Reuters) - Volkswagen is looking at ways to expand its truck operations in Asia, the head of its heavy trucks unit said, as it seeks to build a global business to challenge rivals Daimler and Volvo .

Volkswagen (VW), pushing strategic changes a year after its diesel emissions scandal, said earlier this month it would take a stake in U.S. truckmaker Navistar as part of a technology and purchasing alliance with the firm.

Though VW's trucks division is preoccupied with aligning its MAN and Scania brands more closely to boost cost savings, overseas expansion remains on the agenda despite the rising costs of the group's "dieselgate" emissions scandal.

"Our goal of course was first of all to cover the blank spot North America," VW trucks chief Andreas Renschler said, as the deal with Navistar will give VW access to the lucrative U.S. trucks market. "We are looking at the issue of India."

"You can assume that we will come up with certain ideas for Asia too," Renschler told reporters during the Hanover trucks show, without being more specific.

Renschler, a former head of Daimler Trucks, said the VW division was considering steps to further expand in China where subsidiary MAN owns a stake in local manufacturer Sinotruk Hong Kong.   Continuación...