Editing MAN SE (section)

===Takeover by Volkswagen===
{{update section |reason=future statements need to be updated and revised; note that the MAN brand still exists (despite the merger)|date=May 2023}}

In July 2011, Volkswagen AG acquired a 55.9% voting stake and 53.7% of the share capital in MAN SE. Pending regulatory approval, Volkswagen planned to merge MAN and Scania AB to create Europe's largest truck maker. The combined trucks group is planned to save about 400 million euros per year, mainly by bundling procurement.<ref>{{cite news| url=https://www.reuters.com/article/us-man-volkswagen-idUSTRE74U18N20110531| title=VW motors ahead with MAN-Scania truck merger plan |work=Reuters|date= 31 May 2011| access-date=16 August 2011}}</ref><ref>{{cite news| url=https://www.wsj.com/articles/SB10001424052702304803104576425101308540770| title=VW Moves on Trucks |newspaper=Wall Street Journal|date= 5 July 2011| access-date=16 August 2011}}</ref> Regulatory approval was granted, and the takeover was completed in November 2011.<ref>{{cite web|url=http://www.commercialmotor.com/the-world-trucks-blog/vw-claims-victory|access-date=28 November 2011|title=VW Claims Victory|work=[[Commercial Motor]]|date=27 November 2011}}</ref>

In April 2012, MAN SE announced that Volkswagen had increased its interest to a 73.0% voting stake and 71.08% of the share capital.<ref>{{cite news|url=http://uk.reuters.com/article/man-volkswagen-idUKL6E8FD4FT20120413|archive-url=https://web.archive.org/web/20190130221001/https://uk.reuters.com/article/man-volkswagen-idUKL6E8FD4FT20120413|url-status=dead|archive-date=30 January 2019|access-date=10 May 2012|title=Volkswagen hikes majority stake in truckmaker MAN|newspaper=Reuters|date=13 April 2012}}</ref>

On 6 June 2012, Volkswagen AG announced that it had increased its share of voting rights in MAN SE to 75.03%, paving the way for a domination agreement to be put in place.<ref>{{cite web|url=http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2012/06/Volkswagen_Konzern_erhht_Stimmrechtsanteil_an_MAN_SE_auf_75_03_Prozent.html|access-date=6 June 2012|title=Volkswagen Group increases its share of voting rights in MAN SE to 75.03 percent|date=6 June 2012|archive-date=3 March 2016|archive-url=https://web.archive.org/web/20160303230724/http://www.volkswagenag.com/content/vwcorp/info_center/en/news/2012/06/Volkswagen_Konzern_erhht_Stimmrechtsanteil_an_MAN_SE_auf_75_03_Prozent.html|url-status=dead}}</ref>

From January 2019, MAN's Power Engineering division, made up of [[MAN Energy Solutions]] (formerly MAN Diesel and Turbo) and MAN SE's 76% stake in RENK AG were sold to the Volkswagen Group, leaving MAN SE as the holding company for commercial vehicle units, [[MAN Truck & Bus]], and MAN Latin America, under the responsibility of Volkswagen's subsidiary, Traton SE.{{fact|date=May 2023}}

In March 2019, MAN SE announced that 94.36% of its shares were held by Traton.{{fact|date=May 2023}}

In February 2020, Traton announced that it intends to merge MAN SE with Traton to simplify the latter's overall structure. As a result of the merger, MAN Truck & Bus, Scania AB, and Volkswagen Caminhões e Ônibus will become wholly owned, direct subsidiaries of Traton.<ref>{{cite web|url=https://traton.com/en/newsroom/press_releases/press_release_28022020.html|access-date=14 March 2020|title=TRATON seeking to execute a squeeze-out of the non-controlling shareholders of MAN SE in accordance with merger law|date=28 February 2020}}</ref>

In September 2020, the company announced that it will be cutting over 9,500 job positions at its MAN Truck & Bus division, as a result of the [[COVID-19 pandemic]] economic effects. The company made the move to generate €1.8 billion of cost savings by 2023.<ref>{{cite news|url=https://www.ft.com/content/98c321a3-b181-437c-84a2-d57960423ca7 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/98c321a3-b181-437c-84a2-d57960423ca7 |archive-date=10 December 2022 |url-access=subscription |url-status=live|title= German truckmaker MAN to cut up to 9,500 jobs |work=[[Financial Times]]|author1=Olaf Storbeck|author2=Naomi Rovnick|date=11 September 2020|access-date=12 September 2020}}</ref>