VW filing stresses Navistar takeover not a done deal

Avatar photo

MUNICH, Germany – Days after comments suggested Volkswagen Truck and Bus is eyeing a potential takeover of Navistar International, the German manufacturer has issued a filing with the Securities and Exchange Commission saying that is hardly a done deal.

“VW T&B is not reporting any changes to its plans or proposals [for Navistar],” the filing says. Although, the document did stress the company “continuously reviews” investments and “may in the future” take actions including a possible acquisition.

The form was signed by Volkswagen Truck and Bus CEO Andreas Renschler.

Volkwagen currently holds 16.9% of Navistar through a strategic alliance.

Avatar photo

John G. Smith is the editorial director of Newcom Media's trucking and supply chain publications -- including Today's Trucking, trucknews.com, TruckTech, Transport Routier, and Road Today. The award-winning journalist has covered the trucking industry since 1995.

Have your say

This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.