Traton

Business, Technology

VW Poised to Sign Off on $3.7 Billion Navistar Deal

International trucks sit parked in a lot outside a Navistar facility. International trucks sit parked in a lot outside a Navistar facility in Melrose Park, Ill. (Scott Olson/Getty Images)

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.

November 6, 2020
Business, Technology, Fuel, Autonomous

VW’s Traton, Toyota’s Hino to Collaborate on Electrification

Hino Motors autonomous trucks travel in convoy during a demonstration in Japan. Hino Motors autonomous trucks travel in convoy during a demonstration on a test track in Japan in May 2018. (Kiyoshi Ota/Bloomberg News)

Volkswagen AG and Toyota Motor Corp.’s truck subsidiaries are joining forces on battery-electric and fuel cell vehicles, enabling the companies to split the costs of developing technology needed to comply with stricter emission rules.

Christoph Rauwald | Bloomberg News
October 28, 2020
Business, Technology, Equipment, Fuel, Autonomous

Analysts View Traton, Navistar Deal as Win-Win

An International truck Navistar reported a near 50% decline in truck sales in the third quarter. (Navistar)

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.

Roger Gilroy | Senior Reporter
October 20, 2020
Business

VW’s Traton Unit Sets Deadline for Navistar to Accept Offer

A Navistar International HX Series truck sits at the company's headquarters in Illinois. A Navistar International HX Series truck sits at the company's headquarters in Illinois. (Christopher Dilts/Bloomberg News)

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.

Christoph Rauwald | Bloomberg News
October 14, 2020
Business, Equipment

VW’s Traton Joins Rivals in Warning Demand for Trucks Is Souring

Traton Traton flags. (Traton Group)

Volkswagen AG’s Traton truck-making division echoed competitors in warning it’s “intensively” preparing for a much more difficult environment next year.

Tara Patel | Bloomberg News
November 4, 2019
Business, Technology

VW’s Traton IPO to Raise $1.8 Billion, Pricing at Low End

vw Mikael Sjoberg/Bloomberg News

Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe’s biggest initial public offerings this year.

June 27, 2019