POST Online Media Lite Edition


Navistar and Volkswagen Truck & Bus close strategic alliance

Staff Writer |
Navistar International Corporation announced the closing of its wide-ranging strategic alliance with Volkswagen Truck & Bus.

Article continues below

That includes an equity investment in Navistar by Volkswagen Truck & Bus and framework agreements for a procurement joint venture and strategic technology and supply collaboration.

The closing of the alliance follows receipt of all necessary regulatory approvals, finalization of agreements relating to the procurement joint venture and the technology and supply collaboration, and satisfaction of other customary closing conditions.

What to read next

SEC charged Navistar with misleading investors, settlement reached
Navistar sells International LoneStar trucks
Volkswagen in rush to take over MAN