Volkswagen controlled global truck group, Traton used its recent Annual General Meeting to approve some healthy dividend for the last financial year, improving on last year’s shareholder payout by 13.3 per cent. In addition to […]
Shares in Vokswagen’s heavy truck subsidiary, Traton have been hit badly n recent weeks following the company’s cautious sales outlook for the commercial vehicle market in 2025 and amid a weak global economy. The market […]
General Motors is set to team up with US truck maker Autocar Industries to develop a range of hydrogen fuel cell-powered heavy-duty vocational trucks. Autocar is the second truck maker to work with GM on […]
The first tangible fruits of the Volkswagen Traton take-over of Navistar International emerged in the USA this week when the storied truck brand unveiled its new integrated powertrain. If the new 13 litre International S13 […]
Traton has at last finalised its take-over of Navistar, with the certificate of merger submitted last week, signalling that the merger of the US commercial vehicle manufacturer with the German based Traton is now complete. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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