Navistar Announces Next-Generation HX Severe-Service Model
Navistar announced the next generation of its heavy-duty HX International Truck vocational model, principally designed for the construction segment.
Traton, Navistar Agree to Definitive Merger
Fully embracing an alliance begun in 2017, the boards of directors at truck makers Traton SE and Navistar International Corp. approved a definitive agreement to merge, the companies announced Nov. 7.
VW Poised to Sign Off on $3.7 Billion Navistar Deal
Volkswagen AG’s board is preparing to sign off on its heavy-truck unit Traton SE acquiring U.S. manufacturer Navistar International Corp., according to people familiar with the matter.
Analysts View Traton, Navistar Deal as Win-Win
Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.
Traton, Navistar Reach Agreement on $3.7 Billion Buyout
Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.
VW’s Traton Unit Sets Deadline for Navistar to Accept Offer
Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.
VW’s Traton Boosts Bid for Navistar to $3.6 Billion
Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
Navistar Reports Drop in Fiscal Q3 Earnings
A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter.
Navistar Joins Effort to Adopt Electric Vehicle Standards
Navistar Inc. joined a global coalition of industrial and automotive businesses pushing to create standards for electric vehicles, the company announced Aug. 20.
August 21, 2020Navistar Locates NEXT eMobility Unit in Michigan
Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.
August 14, 2020