WARRENVILLE, Ill. – Navistar has announced it is in talks to acquire GM’s medium-duty truck business.
The company recently confirmed it is interested in the rights to manufacture GMC and Chevrolet branded medium trucks.
The acquisition would leverage Navistar’s strengths in commercial trucks and engines while advancing its strategy to build scale and reduces costs, the company announced.
“An agreement with GM could become an important part of our growth strategy as we leverage our core strengths in commercial trucks and engines,” Daniel Ustian, Navistar chairman, president and chief executive officer said. “General Motors would entrust Navistar to support two of its most important brands because of the depth of our experience and success in the medium truck business.”
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