In Germany, they’ve been testing trucks that get electricity from overhead electric lines, similar to how many trains work. But unlike trains or streetcars, these trucks can also operate on regular roads.
German-based Traton Group, completing its merger with Navistar as of July 1, is now turning its attention to the Chinese truck market – and to truck electrification.
Navistar International Corp.’s stockholders approved the truck maker’s acquisition by Germany-based truck and bus maker Traton.
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.
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.
Traton warned that its Sept. 10 buyout offer for Navistar, its “best and final offer,” expires at the end of the week.
Traton on Sept. 10 upped the ante in its offer to buy all outstanding shares of common stock of Navistar International Corp.
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.
Commercial vehicle manufacturers Traton Group and Hino Motors have established a procurement joint venture to maximize the global procurement synergies between the two companies.
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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