Traton proposes Navistar takeover with ambitions to tackle North American markets
Traton, Volkswagen Group’s commercial vehicle arm, has proposed a takeover of American truck manufacturer, Navistar International, in a transaction worth $2.9bn.
Traton currently owns MAN, Scania, Volkswagen’s South American commercial vehicle company, Caminhões e Ônibus, and Rio Logistics, already has an existing 16.76% stake in Navistar.
If the bid goes ahead Traton will acquire Navistar’s remaining stakes for $35 a share, which would value Navistar at $3.5bn.
One industry expert said: “Traton already has a strong foothold in Europe, Asia and most of South American, but I believe it’s now looking to introduce MAN and Scania to the North American market, hence the move for Navistar.” A Scania XT featured on the Navistar stand at the 2019 Atlanta truck show.
2017 DAF XF 460 6x2 tractor unit - Used Truck Deal of The Day
CM’s used deal of the day is this 2017 DAF XF 460 6x2 tractor unit, from Junction 6 Commercials Used Van and Truck Centre in Birmingham, and it’s only covered 161,000km.
Specified with a Super Space Cab, the next owner will have access to climate control, cruise control, a double bunk, fridge and an electric sunroof. External features include a full air kit and two roof-mounted spotlights.
Lane departure warning is fitted to this example, while the truck’s Euro-6 credentials allow it into London’s ULEZ, as well as future clean air zones.
In a fantastic condition all round, for more details get in touch with Junction 6 Commercials Used Van and Truck Centre on 0121 3266950.