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Volkswagen has announced plans to postpone an initial public offering of the company’s trucking group Traton, formerly Volkswagen Truck & Bus, due to uncertain market conditions.
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News stories this week show how volatile and disruptive the global automotive industries are today. And the upheaval is only beginning. Commentary by Senior Editor Jack Roberts
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Navistar CEO Troy Clarke touted benefits of the company’s deal with Traton Group, noting for example that it has gained more purchasing power.
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Truck shows are always a good place to spot emerging trends and the vibrant IAA Commercial Vehicles show revealed two big ones this year.
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Volkswagen Truck & Bus has announced a new name, Traton Group, as it increases its independence and readies itself to raise funds for global expansion in commercial vehicles. Meanwhile, parent company Volkswagen AG is talking with Ford about possibly developing a line of commercial vehicles.
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Millions of dollars in settlements from the VW diesel emissions cheating scandal will be made available for clean vehicle technology in California and Connecticut.
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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.
Read More →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.
Read More →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.
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Navistar International announced that Friedrich W. Baumann has joined the company as senior vice president, strategy, and planning.
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