THE NUMBER 1 RESOURCE FOR VOCATIONAL TRUCK FLEETS
In a long-speculated move, Volkswagen's global truck and bus subsidiary, Traton, has made an unsolicited bid to acquire the rest of Navistar for $35 a share.
Volkswagen will invest in Ford's Argo AI autonomous vehicle platform. Ford will use VW’s electric vehicle architecture to design and build at least one high-volume fully electric vehicle in Europe for European customers starting in 2023.
Volkswagen AG announced on May 13 that it is resuming preparations for an initial public offering of Traton SE, with progress to be made “depending on further developments on capital markets.”
Volkswagen has announced plans to postpone an initial public offering of the company’s trucking group Traton, formerly Volkswagen Truck & Bus, due to uncertain market conditions.
Ford Motor Co. and Volkswagen AG have formed a global alliance to share costs and improve efficiency in the development of commercial midsize pickups and vans for various global markets, including the U.S.
Volkswagen is showing a concept cargo van at the LA Auto Show called the I.D. Buzz Cargo, that offers another exhibit of evidence that it may compete in the U.S. commercial van segment in the near future.
Volkswagen Truck & Bus has announced a new name, Traton Group, as it increases its independence and readies itself to raise funds for global expansion in commercial vehicles. Meanwhile, parent company Volkswagen AG is talking with Ford about possibly developing a line of commercial vehicles.
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.