* 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 full year.
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)