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, 2020Navistar CEO Persio Lisboa Announces Executive Appointments
Navistar International Corp. announced three executive appointments under the leadership of newly named CEO Persio Lisboa, effective immediately.
Cummins, Navistar Extend Engine Partnership
Independent engine maker Cummins Inc. and Navistar International Corp. announced Cummins will be the preferred supplier of Navistar’s medium-duty and heavy-duty big bore engines in its International trucks and IC buses in the U.S. and Canada.
Navistar, TuSimple Partner to Launch Self-Driving Trucks in 2024
Truck and engine maker Navistar International Corp., and TuSimple, a global self-driving technology company, announced July 15 a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024.