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.
Hauliers encouraged to attend Sheffield Clean Air Roadshow next month
Hauliers affected by Sheffield City Council's Clean Air Zone are encouraged to come along to a free, half-day roadshow next month to learn more about the plans and support in place for businesses.
From 2021, Sheffield’s CAZ will see non-compliant lorries and vans charged a daily fee of £50 and £10 respectively to enter.
In line with other CAZs, vehicles must be Euro-6 diesel or Euro-4 petrol standard to comply.
It is being put in place to bring the city’s harmful NO2 & NOx emissions within legal limits as soon as possible.
The zone will cover the inner ring road and the city centre, including Park Square and the A61/Parkway junction.
To help commercial vehicle operators located within the zone, or regularly travelling into Sheffield, CM's sister title Motor Transport is working with the city council to bring you an informative event to answer all your key questions.
You’ll hear directly from the council about its air quality plans and planned support measures to help local businesses, followed by a series of short workshops to help your fleet prepare for the zone.
In addition, you’ll also get to see a range of the latest Euro-6 and alternatively-fuelled vehicles on the market today.
Book today to secure a place, as numbers do tend to fill up quickly for these events. The event is being held on 17 March at Magna in Rotherham.