LISLE, Ill. — March 1, 2017 — Navistar International Corporation (NYSE: NAV) today announced the closing of its wide-ranging strategic alliance with Volkswagen Truck & Bus, which 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.

 

“This alliance with Volkswagen Truck & Bus marks a significant milestone in our company’s history, and we expect it will create multiple benefits for both companies in both the near and long term,” said Troy Clarke, Chairman, President and CEO, Navistar. “Now that the transaction has closed, we will move quickly to collaborate with an industry-leading, strategic partner to increase our global scale, strengthen our competitiveness, and provide our customers with expanded access to cutting-edge products, technology and services.”

.

 


Read entire release

Archived releases

 

Recent News Releases
 Latest News RSS

Jan 5, 2018
Dealers Win the Pursuit of Excellence Award and the Diamond Dealer Award
Jan 2, 2018
Franklin County Schools in Alabama Purchases 44 Propane-Powered CE Series School Buses for 2018-2019 School Year
Dec 19, 2017
- Reports fourth quarter 2017 net income of $135 million, or $1.36 per diluted share, on revenues of $2.6 billion
Dec 14, 2017
Allison Transmission Warranty Comes Standard with 7 Years for all IC Bus® Vehicle Orders, Covers all Powertrains, Including Gasoline and Propane
 

print Print   email Email   

HDT 2014 Top 20 Products

Receive News Releases

 Sign up for News Releases by Email

 Get our RSS feed

Or Follow Us on Twitter: @NavistarNews

Quick Links

Media Inquiries

All Media Inquiries
Lyndi McMillan
Lyndi.McMillan@navistar.com

Investor Relations
Ryan Campbell
Ryan.Campbell@navistar.com

more >