VW shows interest in majority Navistar stake
MUNICH, Germany – Volkswagen is showing interest in acquiring a majority of Navistar “at some point,” building on a minority stake that has already been secured. Volkswagen Truck and Bus acquired 16.6% of Navistar in 2016, and has already committed to developing a joint big bore powertrain for the North American market, as well as a medium-duty electric powertrain. Now Volkswagen's commercial arm is also preparing for a potential stock listing as it looks to take on other global manufacturers including Daimler and Volvo.