VW filing stresses Navistar takeover not a done deal
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.
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