Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.
October 20, 2020Business
VW鈥檚 Traton Unit Sets Deadline for Navistar to Accept Offer
Volkswagen AG鈥檚 heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.
October 14, 2020BusinessEquipment
VW鈥檚 Traton Joins Rivals in Warning Demand for Trucks Is Souring
Volkswagen AG鈥檚 Traton truck-making division echoed competitors in warning it鈥檚 鈥渋ntensively鈥 preparing for a much more difficult environment next year.
November 4, 2019BusinessTechnology
VW鈥檚 Traton IPO to Raise $1.8 Billion, Pricing at Low End
Volkswagen AG raised 1.55 billion euros ($1.8 billion) selling a stake in its truck business, but only after pricing the offer at the low end of a target range to attract investors to one of Europe鈥檚 biggest initial public offerings this year.
June 27, 2019