Navistar and Volkswagen Truck & Bus close strategic alliance

LISLE, Ill. — Navistar International today announced the closing of its strategic alliance with Volkswagen Truck & Bus. The closing of the alliance follows receipt of all necessary regulatory approvals,…

Navistar, Volkswagen Truck and Bus close alliance deal

LISLE, IL - Navistar International has finalized its strategic alliance with Volkswagen Truck and Bus, which gives the German manufacturer a 16.6% stake in the business. "This alliance with Volkswagen Truck and 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," says Troy Clarke, Navistar's chairman, president and Chief Executive Officer. Now that the deal has closed, the company will be working quickly to collaborate with its new partner, he said. The companies' alliance will involve sharing technology, and is expected to bring a Volkswagen powertrain to North America as early as 2019. Navistar expects business synergies to save US $500 million over the first five years.

Volkswagen powertrain coming to Navistar trucks by 2019

LISLE, Ill. – Volkswagen powertrains will be coming to Navistar trucks by 2019, the two companies revealed during a conference call this morning. There was no immediate word on what…

Navistar enters into strategic alliance with Volkswagen

LISLE, Ill. – Volkswagen has bought its way into the North American truck market, taking a 16.6% stake in Navistar. The strategic alliance was announced this morning. Volkswagen Truck and…

Volkswagen to buy controlling stake in Scania

WOLFSBURG, Germany (April 3, 2000) -- Volkswagen AG will pay $1.6 billion for 34% of Swedish truck and bus producer Scania AB, becoming its controlling owner. Volvo, whose take

Volkswagen Circles for Stake in Navistar

FRANKFURT - While reports of Volkswagen looking to buy stakes in Navistar are making headlines, both companies stay silent on the issue.

Volkswagen Hires Daimler Exec to Head Truck Unit

WOLFSBURG, DE - Automotive giant Volkswagen (VW) hired Andreas Renschler, Daimler's former truck chief to take over responsibility for commercial vehicles at Volkswagen AG earlier last week.

Industry Issues: Biodiesel and the Experience of the Volkswagen Beetle

By now, most people in the trucking industry are familiar with the issues associated with the new regulations for emissions from truck engines and diesel fuel.While concerns have been raised over the ...

Canada must act now to be leader in the hydrogen economy

In early September I had the opportunity to travel to Munich as part of a House of Journalists expedition to cover the IAA Mobility show and related press conferences. I…

Argo AI founders turn to autonomous trucking with Stack AV

Executives with now-shuttered Argo AI – a multi-billion-dollar self-driving car business that had been backed by Ford and Volkswagen Group — are now leading a new Pittsburgh-headquartered autonomous trucking venture…

Detroit-Windsor truck ferry in danger of imminent closure

The Detroit-Windsor Truck Ferry, a mainstay since Earth Day 1990, hauling hazmat and oversize loads between Windsor and Detroit, could close in the next few months without government funding. Ferry…

Will wars be fought over rare minerals?

There’s something missing in all the enthusiastic chatter about electric vehicles, and it’s a huge deal. Like monumental. With the potential to change the world order. I’ll get to that…

Navistar says S13 Integrated will be its best, and last, internal combustion powertrain

It’ll be the last internal combustion engine Navistar will ever design from the ground up. And, officials said assuredly during a major reveal of the S13 Integrated powertrain at Las…

Lohscheller to become Nikola CEO

Nikola Motor president Michael Lohscheller will become chief executive officer of the emerging truck maker as Mark Russell retires as CEO and president of Nikola Corporation. Russell will remain on…

Lohscheller named president of Nikola Motor

Nikola Corporation on Tuesday announced that Michael Lohscheller has been named president of Nikola Motor. Reporting to CEO Mark Russell, he will be responsible for scaling Nikola’s global truck business.