Volkswagen denied planning a bid for U.S. truck PACCAR Paccar after analysts published comments in a research note from a senior executive of German rival Daimler saying he had heard of such a plan, according to a report by Reuters.
According to Bernstein Research, Daimler Trucks Chief Wolfgang Bernhard insisted that “serious, multiple sources” informed him that Volkswagen was going to bid for PACCAR in 2015.
A spokesman at Volkswagen’s Wolfsburg-based headquarters denied the rumors, calling them “complete rubbish.”
Bernhard was briefing analysts at an event hosted by Daimler Trucks late on Wednesday when he made the comments, Bernstein said.
