VW extends reach into US truck market in $3.7bn Traton-Navistar deal


VW has extended its reach into the US truck manufacturing market after signing off on a $3.7bn deal for its heavy-truck unit Traton to acquire Navistar International. Navistar, the maker of International branded trucks, is a major player in North America. The deal will allow Traton, which makes Scania and MAN vehicles, to expand beyond sales in Europe and Latin America and lay down a global challenge to rivals Daimler and Volvo. VW will provide Traton with a 12-18-month loan […]