Traton boss Matthias Gründler has said that the Group’s upcoming 13 litre Common Base Engine will be the last conventional power plant developed by the Group and its brands, as the company pivots to electrification. […]
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. […]
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 […]
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