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Two global commercial vehicle makers, Germany’s Traton SE and Japan’s Hino Motors Ltd., have signed a joint venture agreement to develop electric commercial vehicles, both battery-electric and fuel-cell versions.
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Navistar and Traton have agreed in principle to a deal for the acquisition of Navistar International Corp. by Volkswagen’s truck and bus unit for $3.69 billion.
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Traton warned that its Sept. 10 buyout offer for Navistar, its “best and final offer,” expires at the end of the week.
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The Traton Group and TuSimple recently announced a global partnership to develop self-driving trucks.
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Scania has officially launched its range of plug-in hybrid and fully electric trucks with a focus on last-mile operations.
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Traton on Sept. 10 upped the ante in its offer to buy all outstanding shares of common stock of Navistar International Corp.
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In a long-speculated move, Volkswagen's global truck and bus subsidiary, Traton, has made an unsolicited bid to acquire the rest of Navistar for $35 a share.
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Commercial vehicle manufacturers Traton Group and Hino Motors have established a procurement joint venture to maximize the global procurement synergies between the two companies.
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The OEM revealed a prototype for a battery-electric drive version of its International MV medium-duty truck, dubbed the eMV, which is slated to come to market by early 2021.
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At an Innovation Day event in Sweden, Traton Group outlined the company's plans to share technology between its divisions and invest in electromobility.
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