Volkswagen partially floats truck group to fund electric car push

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Volkswagen has floated 11.5 per cent of its truck-making unit, now named Traton, on the Frankfurt and Nasdaq Stockholm stock exchanges. Weak demand from investors had forced the automaker to price the listing at the low end of its target price range. It also meant the company couldn't float the 25 per cent it had wanted to let go of.

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