Volkswagen preparing bid for U.S. Paccar: analyst report

Volkswagen (VOWG_p.DE) is preparing to launch a takeover bid for U.S. truck maker Paccar (PCAR.O) next year, Daimler (DAIGn.DE) Trucks Chief Wolfgang Bernhard told analysts at Bernstein Research.

According to a Bernstein Research note published on Thursday, Bernhard insisted that “serious, multiple sources” informed him that VW was going to bid for Paccar next year.

Bernhard was briefing analysts at an event hosted by Daimler Trucks late on Wednesday.

Daimler declined to comment. Paccar and Volkswagen were not immediately available for comment.