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VW unlikely to acquire GM partner Navistar

VW unlikely to acquire GM partner Navistar

LISLE, Ill. — German automaker Volkswagen AG has quelled rumors that pegged it as acquiring Navistar International, of which it already holds a 16.9 percent stake as part of a ‘wide-ranging strategic alliance’ announced back in 2016.”

In mid-April, various news outlets hastily reported that VW’s Truck & Bus division was looking to acquiring Navistar, but executives have since then cooled those expectations.

Read the full story from GM Authority.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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