NAVISTAR's news * USA: Ending ALLIANCE with VW
* Illinois - Navistar expects Volkswagen deal to close by end of March
Navistar International Corp. expects regulatory review of its planned alliance with Volkswagen AG to be completed early next year, allowing the companies to begin working on commercial trucks and engines for the U.S. market... Navistar said Tuesday the U.S. government has already given its antitrust approval for the alliance. Regulatory approval though is pending in other countries, particularly in Brazil and Mexico where the German car and truck maker and Illinois-based Navistar compete more with each other... Navistar reported the two companies are close to completing the details for the venture’s initial projects for purchasing raw materials and commodity components and developing new powertrains... The company said it expects the deal to close by the end of March...
(Photo: EUROPEAN PRESS: Navistar International Corp. expects the alliance with Volkswagen AG to yield $500 million of cost savings during the first five years) -- Peoria, ILL, USA - The WSJ, by BOB TITA - Dec. 20, 2016
Labels: truckmakers' news USA