TRATON’s bid to become the world’s No. 1 truckmaker took a major step forward in early November, with confirmation of its bid to complete the total buyout of America’s Navistar International Corporation.
The deal, worth $US1.7billion, gives TRATON the foothold in the lucrative North American market that it has been pursuing.
It already held a 16.7% stake in Navistar and since March 2017 has worked in a strategic alliance with the US company, which builds International trucks.
The alliance, it says, “has delivered significant value to both companies through increased purchasing scale and the integration of new technologies.”
This...
The deal, worth $US1.7billion, gives TRATON the foothold in the lucrative North American market that it has been pursuing.
It already held a 16.7% stake in Navistar and since March 2017 has worked in a strategic alliance with the US company, which builds International trucks.
The alliance, it says, “has delivered significant value to both companies through increased purchasing scale and the integration of new technologies.”
This...
NZ Truck & Driver News - November 2020








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