The resignation of Scania CEO, Henrik Henriksson, has seen the company’s board appoint Christian Levin as the new head of the Swedish truck maker, effective 1st May. In a statement from the company it announced […]
VW Traton’s Swedish truck maker, Scania, has announced it has acquired Chinese truck company with the intention of manufacturing vehicles in the world’s biggest auto market. Scania has acquired Nantong Gaokai based in China’s eastern […]
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 […]
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 […]
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, […]
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 […]
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 […]
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. […]
Andreas Renschler, boss of Volkswagen’s commercial vehicle arm, Traton has given his first public views on the company’s cooperation with Japanese truck maker Hino, since the MOU between the two was signed in September 2018. […]
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