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Truck and Bus News

CUMMINS AND NAVISTAR LINK UP FOR HYDROGEN FUEL CELL COLLABORATION

November 17, 2020 Jon Thomson

Cummins and Navistar have announced they will work together on the development of a Class 8 heavy duty truck powered by hydrogen fuel cells. The project will be partly funded by the U.S. Department of […]

Truck and Bus News

VW-TRATON RAISES THE BAR IN BID TO SEAL CONCLUSION IN NAVISTAR DEAL

October 17, 2020 Jon Thomson

Traton has announced it has agreed to raise its takeover bid for Navistar International to $US44.50 per share  up from its earlier bid of $US43, and indicated it may be closing in on the protracted […]

Truck and Bus News

NAVISTAR FINALLY PUTS INTERNATIONAL OUT OF ITS MISERY IN AUSTRALIA

September 16, 2020 Jon Thomson

Sometimes the signs of imminent death are obvious from a long way out and one such scenario came to fruition today with the announcement that the International brand, in Australia at least, will be buried […]

Truck and Bus News

NAVISTAR REJECTS TRATON’S INCREASED TAKEOVER, OFFER BUT SAYS DOOR IS STILL OPEN

September 16, 2020 Jon Thomson

Navistar International has  fired back and rejected the revised takeover bid offer made by Traton late last week, saying  that the US$43 per share proposal ‘significantly undervalues the Navistar’. However, while rejecting the  increased offer […]

Truck and Bus News

TRATON UPS ITS OFFER FOR NAVISTAR

September 13, 2020 Jon Thomson

Meantime in the wake of Andreas Renschler’s departure from Volkswagen’s Traton, the truck and bus division has increased its offer for Navistar International shares to US$43 per share in cash. Traton said last week that […]

Truck and Bus News

RENSCHLER QUIETLY SLIPS AWAY FROM TRATON

September 10, 2020 Jon Thomson

Somehow, under the cover of COVID,  the departure of Volkswagen’s truck supremo Andreas Renschler, from the board of the German auto giant and as head of its Traton truck operation, almost went unnoticed in July, […]

Truck and Bus News

NAVISTAR AND TU-SIMPLE TEAM UP FOR AUTONOMOUS DEVELOPMENT

July 20, 2020 Jon Thomson

Navistar International  has announced it has teamed up with autonomous truck startup  company, TuSimple, forging a partnership with the goal of co-developing self-driving prime movers, with the target of production by 2024. The two companies […]

Truck and Bus News

CLARKE STANDS DOWN AS NEW NAVISTAR CEO COULD SIGNAL TRATON DEAL IS CLOSE

June 29, 2020 Staff Writer

Navistar International has announced that long time chief executive officer Troy Clarke will stand down this week and hand over the running of the corporation Persio Lisboa, who will become president and chief executive officer […]

Truck and Bus News

NAVISTAR SEEKING CASH TO RIDE OUT COVID CRISIS

May 11, 2020 Jon Thomson

Navistar is tapping into the private debt market to raise working capital as a strategy for navigating the coronavirus-pandemic recession. The company is using a provision in the US federal Securities Act of 1933 that […]

Truck and Bus News

TRATON PUSHING ON WITH NAVISTAR TAKEOVER DESPITE COVID CRISIS

April 23, 2020 Jon Thomson

While the spread of the COVID-19 coronavirus has caused widespread disruption and blown trillions of dollars out of the global economy, it’s done nothing to quell Volkswagen Traton’s bid to purchase US truck maker Navistar. […]

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