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New Navistar Partnership Doesn’t Necessarily Spell End To Old Ones

New Navistar partnership doesn’t necessarily spell end to old ones

This week, Volkswagen and Navistar consummated their long-rumored courtship when the German truck maker shelled out $265 million for an almost 17 percent ownership stake in the Lisle, Ill.-based maker of International trucks. With each red ink-stained passing quarter it seemed increasingly likely Navistar would forge a partnership or be swallowed outright, and Volkswagen has always seemed like the most likely dance partner. Navistar has lost money in 15 of the past 16 quarters and the market for heavy trucks is in a funk. read more at ccjdigital.com

 

 

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