VW filing stresses Navistar takeover not a done deal

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


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