Navistar CEO Troy Clarke touted benefits of the company’s deal with Traton Group, formerly Volkswagen Truck and Bus, while at the IAA Commercial Vehicles show in Hannover, Germany, noting for example that it has gained more purchasing power as a result.
Navistar Sees Improved Financial Outlook After Traton Deal
Navistar CEO Troy Clarke touted benefits of the company’s deal with Traton Group, noting for example that it has gained more purchasing power.
September 24, 2018
At the IAA Commercial Vehicles Show, Navistar CEO Troy Clarke touted the success of a partnership it made with Traton Group, formerly Volkswagen Truck and Bus.
Photo: Deborah Lockridge
1 min to read
Traton purchased a 17% equity stake in Navistar in 2016 and agreed to share technological developments and pursue global sourcing opportunities as partners. Navistar has already made a deal to use a new powertrain developed by Traton in future trucks, starting in 2021.
The deal has also helped Navistar turn around its financial outlook in recent years, with both companies expecting to save hundreds of millions of dollars in the next five years.
A full report on Navistar’s presentation at IAA is available on TruckNews.com.
More Equipment
SAF-Holland Redesigns Suspension Slider to Save Weight in On-Highway Trailers
SAF-Holland reengineered the UltraLite40 Slider for the ULX40 Mechanical Sliding Suspension and Axle System to reduce weight, improve durability, extend trailer life, and increase payload efficiency.
Read More →
Volvo Teases Next-Gen VNX as Platform Expansion Continues at TMC
Volvo Trucks North America highlighted new connectivity, safety tech and production investments at TMC. The OEM also signaled that a new heavy-haul flagship tractor is coming soon.
Read More →
SAF-Holland Introduces SmartSto System for Safer Tractor-Trailer Uncoupling
The system combines a fifth-wheel air release with stowage for air and electrical connections, helping prevent damage and reducing driver injury risk.
Read More →
SAF-Holland’s BrakeSight Aims to Take the Guesswork Out of Air Disc Brake Maintenance
New Haldex sensor technology from SAF-Holland integrates with telematics systems to give fleets continuous insight into air disc brake condition.
Read More →
Vanair Introduces Solar, Battery Power Ecosystem for Class 8 Trucks
The company’s expanded EPEQ ecosystem includes flexible solar panels, lithium batteries, hydraulic power systems, and a portable fast charger for electric trucks.
Read More →
Phillips Connect Expands Smart Trailer Platform with New Safety, Cargo and Equipment Intelligence
Phillips Connect Smart Trailer enhancements give fleets deeper operational insights from trailers -- even when another provider supplies basic GPS tracking.
Read More →
Accuride Unveils ProShield XGT Aluminum Wheel Coating at TMC
Accuride’s patent-pending surface-coating technology targets filiform corrosion and promises easier cleaning, longer-lasting gloss, and greater durability for aluminum truck wheels.
Read More →
Valvoline, Cummins Extend X15 Oil Drain Intervals to 100,000 Miles
New approval for Valvoline Premium Blue One Solution Gen2 allows fleets running Cummins X15 engines to extend oil drain intervals by up to 25,000 miles -- reaching intervals as high as 100,000 miles.
Read More →
A New Approach to Lighting Reliability
Peterson’s Genesis lighting system and repairable J560 connector target two persistent fleet problems: LED light failures and costly electrical connector downtime.
Read More →
The Hidden Cost of Delaying Truck Replacement
Many fleets extended truck replacement cycles during recent market disruptions. But holding equipment too long can lead to higher repair costs, longer downtime, and new operational risks.
Read More →