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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. […]

Truck and Bus News

TRATON BOSS RENSCHLER ENDORSES FUEL CELLS AS “CERTAINLY AN OPTION”

April 6, 2020 Jon Thomson

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. […]

Truck and Bus News

NAVISTAR HAS TO ACCEPT TRATON OFFER SAYS LEADING US BUSINESS WRITER

February 25, 2020 Jon Thomson

A leading US business writer has said that Navistar should take the money Traton has offered for it without delay, or risk being consigned to history. Crane Business writer Joe Cahill says that  after years […]

Truck and Bus News

VW’S TRATON FINALLY MOVES TO SECURE REMAINING STAKE IN NAVISTAR

February 2, 2020 Jon Thomson

As Truck and Bus has been predicting for some time, Volkswagen’s commercial vehicle arm, Traton, has finally made a firm bid to take over the remaining 83 per cent of US truck maker Navistar, that […]

Truck and Bus News

TRATON REPORTS GLOBAL SALES UP DESPITE SOFT EUROPEAN RESULT

January 29, 2020 Jon Thomson

Volkswagen’s global commercial vehicle group Traton has announced its 2019 sakes result was up 4 per cent on 2018  despite a 7 per cent dip in its European order intake during the year. Traton says […]

Truck and Bus News

SCANIA TO SELL MINING TRUCKS INTO CANADA THROUGH NAVISTAR TRATON ALLIANCE

November 5, 2019 Jon Thomson

In a clear indicator that VW’s Traton commercial vehicle spin off will move to strenghten ties with Navistar in the US, it has announced that its Scania brand and Navistar intend to study a mutually […]

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