Scania was founded in 1891 in Malmö, Sweden. It was engaged in the production of freight cars for the Swedish state railways, as well as the production of rolled metallurgical material. Scania has been producing trucks since 1903. In 1911, it merged with Vabis to form Scania-Vabis. Starting 1919, the entire production focused only on trucks. In the period after the First World War, however, demand fell sharply, and even due to strong deflation, the company went bankrupt in 1921. However, in the same year, it was re-established under the same name.
As a successful company with a well-developed network of sales offices and repair shops for buses and trucks, Scania-Vabis has also been a general importer of Volkswagen in Sweden since 1948. In 1969, the company merged with Saab under the name Saab-Scania. Since 1991, Scania has been an independent company again. In 2000, Volkswagen AG became one of Scania's shareholders. Other important shareholders are the Swedish investment company Investor AB and the German carmaker MAN.
In 2000, Scania produced its millionth vehicle. Today, Scania is one of Sweden's largest truck manufacturers, buses and marine and industrial engines. Until 2009, it produced the most powerful road truck in the world with 730PS, now it has been replaced by Volvo with its 750PS model. At present, Scania is the only manufacturer in Europe to produce tractors with eight-cylinder engines.