VW, Navistar Link Up Imminent?
06 September 2016
Reuters and others are reporting that Volkswagen’s commercial vehicle division is on the verge of announcing a partnership with Navistar International Corp.
Apparently the deal calls for Volkswagen to supply diesel engines in exchange for a 19.9 percent stake in Navistar. The reports say the official announcement could come as soon as today. Reportedly Volkswagen will pay around $16 per Navistar share or about € 200 million/$223 million.
If true, this would be the latest global expansion effort for Volkswagen’s commercial vehicles division having absorbed Germany’s MAN and Sweden’s Scania. Navistar, it is speculated, is looking for a technology partner to build diesel engines that can meet upcoming more stringent emissions regulations. Volkswagen would also gain access to Navistar’s North American dealer network.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
POWER SOURCING GUIDE
The trusted reference and buyer’s guide for 83 years
The original “desktop search engine,” guiding nearly 10,000 users in more than 90 countries it is the primary reference for specifications and details on all the components that go into engine systems.
Visit Now
CONNECT WITH THE TEAM
