Equity Stake - Germany - German firm eyes Navistar
Expression of interest by MAN AG chief boosts shares by 16.7%
Frankfurt,Germany -The Chicago Tribune (USA), by James P. Miller -May 27, 2006: -- Shares of truck and engine producer Navistar International Corp. surged Friday, after German truckmaker MAN AG's top official tentatively expressed interest in buying an equity stake in the Chicago-area company... Navistar and MAN are collaborators through a joint venture they formed more than a year ago, which is ramping up to begin production of a new-generation diesel engine for heavy trucks...
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