VW raises Navistar bid to $44.50 per share to clinch trucks deal

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Filed under: Earnings/Financials,Volkswagen,Commercial Vehicles

A successful merger would combine the MAN, Scania and Volkswagen trucks brands with Navistar to create a global manufacturer, at a time when the industry is seeking ways to share the costs of developing low emissions technology. At $44.50 per share, Traton would pay about $3.7 billion for the shares in Navistar it doesn't already own, valuing the U.S. business as a whole at around $4.4 billion. "Traton SE and the U.S.-American truck manufacturer Navistar International Corporation, in which TraContinue reading VW raises Navistar bid to $44.50 per share to clinch trucks deal

VW raises Navistar bid to $44.50 per share to clinch trucks deal originally appeared on Autoblog on Sat, 17 Oct 2020 15:42:00 EDT. Please see our terms for use of feeds.



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