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Volkswagen AG cooled expectations that it is moving to take over Navistar International in an April 18 filing with the Securities and Exchange Commission. However, in the same statement, the Germany-based OEM left the door open for its Volkswagen Truck & Bus GMbH subsidiary to possibly acquire U.S.-based Navistar at some later date.
News reports out of Germany indicate that Volkswagen Truck & Bus GmbH is open to taking over Navistar International Corp.. VW already holds a 16.9% share in the U.S. company via a “wide-ranging strategic alliance," which was announced back in 2016.
A new, long-term, strategic agreement reached by Hino and Volkswagen will evaluate technology cooperation between the two companies with a focus on conventional powertrains, hybrid and electric powertrains, as well as connectivity and autonomous driving systems.
Volkswagen's seventh-generation Jetta will retail for at least $19,395, including delivery fees, when it arrives at dealer lots by July 1. The price is $100 lower than the outgoing model, Volkswagen has announced.
Volkswagen has hired Matthew Renna as its vice president over the development of its electrified vehicle architecture. Renna formerly served as program manager for Tesla's Model S and Model X vehicles.
Navistar International announced that Friedrich W. Baumann has joined the company as senior vice president, strategy, and planning.
Volkswagen is showing a midsize pickup concept based on its Atlas midsize SUV at the New York International Auto Show that the company is using to test media and customer response before it commits to a production schedule.
Volkswagen will produce a five-seat version of its Atlas midsize SUV called the Atlas Cross Sport that will begin production at the same assembly plant in Chattanooga, Tennessee, in 2019, according to the company.
Volkswagen may offer a mid-size pickup to U.S. buyers and is expected to show a concept version of it at the New York International Auto Show on Wednesday, sources told Automotive News.
Volkswagen will offer a five-passenger version of its seven-passenger Atlas mid-size SUV and will build both vehicles at its Chattanooga, Tenn. assembly plant, the automaker has announced.