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Volkswagen

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April 19, 2018 - Industry News

Volkswagen Clarifies Position on Navistar Takeover in SEC Filing

VW Truck & Bus CEO Andreas Renschler. Photo: Volkswagen AG

Volkswagen AG cooled expectations that it is moving to take over Navistar International in an April 18 filing with the Securities and Exchange Commission. However, in the same statement, the Germany-based OEM left the door open for its Volkswagen Truck & Bus GMbH subsidiary to possibly acquire U.S.-based Navistar at some later date.

Tags: Navistar, Global, Volkswagen

April 16, 2018 - Industry News

VW Truck Signals Interest in Acquiring All of Navistar

Navistar CEO Troy Clarke, VW Truck & Bus CEO Andreas Renschler, and Navistar CFO Walter Borst field queries from the press during the IAA Show in Germany in 2016. Photo: David Cullen

News reports out of Germany indicate that Volkswagen Truck & Bus GmbH is open to taking over Navistar International Corp.. VW already holds a 16.9% share in the U.S. company via a “wide-ranging strategic alliance," which was announced back in 2016.

Tags: Global, Navistar International, Vocational Trucks, Volkswagen

April 13, 2018 - Industry News

Volkswagen Names New CEO

Newly named Volkswagen CEO Herbert Diess (center) speaks at a technology conference in Germany last year. Photo: Volkswagen

Volkswagen CEO Matthias Mueller is being replaced by Volkswagen brand chief Herbert Diess, in a week full of news for the German-based auto and commercial vehicle maker.

Tags: Hino, Volkswagen, Navistar, Diesel Emissions, VW Diesel Scandal, Global

April 12, 2018 - Industry News

Hino, VW Ink Long-Term Strategic Partnership Deal

Hino's Yoshio Shimo and VW's Andreas Renschler announced a new strategic partnership between the to companies to develop new technologies. Photo: Joji Nishi

A new, long-term, strategic agreement reached by Hino and Volkswagen will evaluate technology cooperation between the two companies with a focus on conventional powertrains, hybrid and electric powertrains, as well as connectivity and autonomous driving systems.

Tags: Hino, Volkswagen, Future Trucks, Electric Trucks, Autonomous Vehicles, Partnership, Global

April 3, 2018 - Industry News

Navistar Appoints Baumann as Strategy and Planning Exec

Navistar International announced that Friedrich W. Baumann has joined the company as senior vice president, strategy, and planning.

Tags: Volkswagen, Navistar, Leadership, People, Daimler Trucks North America, New Hire

December 29, 2017 - Global News

European Fleets to Test Electric Volkswagen Crafter Van

Photo courtesy of Volkswagen.

Volkswagen Commercial Vehicles delivered battery-electric versions of its Crafter cargo van to an international group of major customers for testing before it is released in September 2018.

Tags: Cargo Vans, Volkswagen, Germany, Global

October 11, 2017 - Industry News

Volkswagen Truck and Bus Reveals Future Transport Vision

Volkwagen Truck and Bus CEO Andreas Renschler outlines the company's vision of tuture transporation at it Innovation Day summit in Hamburg, Germany. Photo: VW

Germany's Volkswagen Truck and Bus Group laid out its long-term plans for shaping the future of transportation this week at its Innovation Day Summit, held in Hamburg, Germany.

Tags: Emissions, Volkswagen, Navistar, International Trucks, Future Trucks, Autonomous Vehicles, Connected Vehicles, Global, Battery-Electric Vehicles, Alternative Fuels

September 25, 2017 - Industry News

Navistar-VW Alliance to Bring Electric Truck, Integrated Powertrain to Market

“Navistar is now writing the next chapter of our story,” said Troy A. Clarke, chairman, president and CEO, Navistar. Photo: Evan Lockridge

The Navistar-Volkswagen Truck & Bus Alliance has borne fruit faster than either company expected. Officials announced Monday they will develop a proprietary, integrated powertrain; a common connected vehicle and cloud platform; and an electric-powered Class 6/7 truck.

Tags: Volkswagen, Navistar, International Trucks, Battery-Electric Vehicles, NACV Show, Class 6

August 7, 2017 - Industry News

VW CEO: Tesla Among Our Top Competitors

In an interview with VW's Inside magazine, CEO Herbert Diess said Tesla is the company's main competitor today. Photo: Volkswagen

In the "old world," VW CEO Herbert Diess watched and worried about Toyota and Hyundai. Today he's keeping an eye on a new American automaker.

Tags: Volkswagen, Tesla, Connected Vehicles, Global, Battery-Electric Vehicles

August 3, 2017 - Industry News

Volkswagen Acquires More Navistar Shares in Series of July Trades

Volkswagen has been a major shareholder in International since purchasing a $250 million stake in the company last year. Photo: International

Volkswagen quietly invested approximately $11,263,489 in Navistar International stock last month.

Tags: International, Volkswagen, Navistar

March 1, 2017 - Industry News

Navistar, Volkwagen Close Strategic Alliance Deal

Navistar International Corp. announced the closing of its "wide-ranging strategic alliance" with Volkswagen Truck & Bus, which includes an equity investment in Navistar, a procurement joint venture, and technology and supply collaboration.

Tags: Volkswagen, Navistar, Mergers & Acquisitions

December 20, 2016 - Industry News

Earnings Watch: Navistar Ends Fiscal Year with $97 Million Loss

Navistar reported losses for both its fiscal fourth quarter and full year. But it's optimistic about the future with its pending strategic alliance with Volkswagen Truck & Bus, which has received U.S. antitrust approval.

Tags: Navistar, Quarterly Earnings, Volkswagen

September 21, 2016 - Global News

Navistar and VW Chiefs Talk Up Their Alliance Deal

Navistar CEO Troy Clarke, VW Truck CEO Andreas Renschler, and Navistar CFO Walter Borst field queries from the press at IAA. Photo: David Cullen

Just two weeks after revealing they had forged a “wide-ranging strategic alliance,” the chief executives of Volkswagen Truck and Bus and Navistar International Corp. fielded questions from North American journalists covering the massive IAA truck show opening this week in Hannover, Germany.

Tags: Volkswagen, Navistar, IAA

September 8, 2016 - Industry News

Earnings Watch: Navistar Third Quarter Loss Grows, Revenue Declines

Navistar International Corp. released fiscal third quarter financials on Thursday morning showing its losses grew in the third quarter of the year while revenue fell 18%, following news on Tuesday that Volkswagen is taking a minority interest in the Illinois-based company.

Tags: Economy, Volkswagen, Navistar, Earnings

September 6, 2016 - Global News

Navistar, Volkswagen Announce 'Wide Ranging Strategic Alliance'

Graphic courtesy of Volkswagen Truck & Bus.

Volkswagen Truck & Bus is taking a 16.6% equity stake in Navistar International Corp. as part of a “wide-ranging strategic alliance” that will initially focus on providing powertrains for Navistar trucks starting in 2019.

Tags: Volkswagen, Navistar, Engines, Mergers & Acquisitions

September 5, 2016 - Industry News

VW to Buy Stake in Navistar, Reports Say

Photo: VW

Published reports indicate that Volkswagen's commercial trucks arm will soon announce it's buying nearly 20% of Navistar's shares and in return will sell diesels to the American truck builder and get two seats on the board.

Tags: Cummins, Volkswagen, Navistar, Vertical Integration

July 5, 2016 - Industry News

VW Settlement Includes Funds for Truck Emissions Reduction

Part of Volkswagen AG’s recent settlement with the Federal Trade Commission over its emissions-cheating scandal will fund diesel emissions-reduction efforts in the heavy-duty truck industry.

Tags: Volkswagen, Federal Trade Commission, Diesel Emissions, NOx, Emissions Reduction

February 9, 2016 - Industry News

VW Trucks Chief Cites U.S., China as Key Areas for Expansion

Andreas Renschler. Photo: Volkswagen

In an interview with Bloomberg, the head of Volkswagen’s truck business said the U.S. and China are among key regions for possible expansion.

Tags: Volkswagen, Global

June 30, 2015 - Global News

Renschler Named Chairman at Scania

Andreas Renschler. Photo courtesy Scania.

Andreas Renschler, the former head of commercial trucks for Daimler who went to work heading up Volkswagen's commercial truck operations earlier this year, has been appointed as the new chairman of the board of Scania.

Tags: People, Scania, Global, Volkswagen, MAN

February 5, 2015 - Industry News

Renschler Takes Over VW Trucks, Creating Speculation on Acquisitions

Andreas Renschler speaks at a 2012 event. Photo by Sven-Erik Lindstrand.

Former Daimler Trucks head Andreas Renschler started work this week as head of rival Volkswagen's trucks business, once again creating speculation that VW may look to North American shores as it works toward goals of expanding its global footprint.

Tags: Volkswagen, MAN, Scania, Global

July 31, 2014 - Industry News

Paccar: No Merger Talks with VW

In early July, a top Daimler Trucks official told reporters that fellow German company Volkswagen would make a bid to buy American truck maker Paccar. VW denied it the rumor at the time, and now Paccar has come out with a statement as well.

Tags: Paccar, Volkswagen, Navistar, Global, Mergers & Acquisitions

July 3, 2014 - Industry News

Rumors Say Volkswagen to Bid for Paccar; VW Denies it

Rumors have been around for a while that Volkswagen will try to buy a U.S. truck maker. Earlier rumors centered on International, but the latest is Paccar, with Reuters running a story Thursday about takeover plans and VW denying it.

Tags: Paccar, Volkswagen, Global, Mergers & Acquisitions

May 13, 2014 - Industry News

Volkswagen to Take Control of Scania, Stepping up Commercial Vehicle Efforts

Its $9.2 billion offer to buy out the truck-making arm of the Swedish vehicle manufacturer Scania has been accepted, according to published reports.

Tags: Volkswagen, OEM, Europe, Scania, Mergers & Acquisitions

February 21, 2014 - Industry News

Former Daimler Truck Head Renschler Headed to Volkswagen

Andreas Renschler

The former head of Daimler Trucks, who left the company last month after less than a year of overseeing Mercedes Benz cars and vans at parent company Daimler AG, will be taking over responsibility for commercial vehicles at Volkswagen AG.

Tags: Volkswagen, OEM, Leadership, Daimler, People, Daimler Trucks North America

January 9, 2013 - Industry News

Volkswagen Seeking Control of MAN

Volkswagen is seeking full control over German truck maker MAN through a "domination and profit and loss transfer agreement," a type of German contract similar to a parent company and subsidiary

Tags: Volkswagen, Germany, MAN, Scania

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