* MAN says could increase stake in Sinotruk
* Says current focus on on joint truck project
(Adds quote from chief executive, details)
By Fang Yan and Ken Wills
BEIJING, Aug 26 Germany's MAN SE (MANG.DE) could
increase its stake in China's Sinotruk (3808.HK) but its focus
for now is on a joint truck project, the German industrial
group's chief executive said on Thursday.
MAN took a 25 percent stake in Chinese truck maker Sinotruk
last year and the companies had been jointly working on a new
truck family expected to be rolled out in 2011, the companies
said in a joint statement.
The trucks would be sold in China and other markets such as
Russia, the Middle East and other Asian countries, Georg
Pachta-Reyhofen told reporters in Beijing.
He added that they aimed to sell 20,000 trucks in the first
Volkswagen AG (VOWG.DE), which owns a 30 percent stake in MAN
and controls 71 percent of Swedish truck maker Scania AB's
SCVb.ST votes, has said it believes a three-way truck alliance
could yield as much as 1 billion euros ($1.27 billion) in savings
for the three companies. [ID:nWEB3173]
Asked about the possibility, Pachta-Reyhofen said: "We are
working with a lot of companies, especially on a components
basis. I think it's worth looking into with which components we
are able to use synergies, volume or just knowhow. I think it's a
good idea to do so."
(Editing by Chris Lewis)