MAN SE (MAN.XE) said Monday it plans to invest over 2.4 billion euros ($2.8 billion) in its truck and bus business by 2020, to modernize its manufacturing sites.
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The German commercial vehicle manufacturer said by 2020 it expects to invest around EUR1.1 billion in its main plant in Munich, which produces heavy-duty trucks. The figure includes already-made investments since 2015, of which EUR175 million went into the construction of a new paint shop and a development center, MAN said.
Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard
(END) Dow Jones Newswires
November 13, 2017 07:34 ET (12:34 GMT)