Volkswagen Unit Considers Full Takeover of Truck Maker Navistar


Volkswagen AG’s commercial-vehicles unit is considering a full takeover of Navistar International Corp., one of America’s largest truck makers, just days after the German auto maker named a new chief executive.

Volkswagen Truck Bus GmbH already owns close to 17% of Navistar, an Illinois-based company with a market value of nearly $4 billion. Officials at the VW unit said Monday it is looking at whether to raise that stake or even launch a full takeover.

Facebook Comments

Comments are closed.