Volkswagen inks $3.7bn deal for Traton to buy Navistar
08 November 2020 - 19:04
Frankfurt/San Francisco — Volkswagen’s board has signed off on a $3.7bn deal for its heavy-truck unit Traton to acquire Navistar International, deepening the German company’s bet on the lucrative North American market.
VW will provide Traton with a 12- to 18-month loan of €3.3bn to fund the transaction, according to a statement on Saturday...
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