Traton raises 2023 earnings target after solid Q3
Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.
Consistent with its rivals, Traton sees orders slowing but strong deliveries across its brands including Navistar.
Amid a contraction of autonomous trucking firms, the founders of self-driving startup Argo AI are launching a driverless trucking startup.
Germany’s Traton Group topped $42 billion in revenue for 2022 with Navistar contributing significantly to the top and bottom lines.
New leaders, an electrification push and Scania influence mark the first year after the Traton’s $3.7 billion takeover of Navistar.
Navistar spending more than $190 million for an integrated powertrain in Alabama for North America .
Navistar and MAN SE leaders trade positions as Traton continues a makeover of Navistar’s executive team.
Traton Group shuffles the executive deck at Navistar, replacing CEO Persio Lisboa with former Scania executive Mattias Carlbaum.
The soon-to-be parent of Navistar increases electrification investment to $1.9 billion by 2025 and says 80% of its brands’ trucks will be electric by 2030.
On Wednesday, the U.S. International Trade Commission ruled against SK Innovation Co. Ltd. for stealing battery trade secrets from LG Chem. What implications does this have for OEMs that rely on SK?
Daimler AG will create a stand-alone truck business, separating Daimler Trucks from the Mercedes-Benz passenger vehicle business to focus on zero-emissions technologies.
Volkswagen AG’s truck holding company TRATON and Navistar International Corp. reached a definitive agreement on TRATON’s $3.7 billion buyout of the maker of International trucks and IC buses.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas; Dachser Mexico expands in Querétaro; and OmniTRAX grows in South Texas.
In today’s edition of The Daily Dash, a potential TRATON-Navistar tie-up moves closer to a conclusion, plus carriers still hold an upper hand in rate negotiations and early earnings results are not what people expected.
Navistar tells TRATON it can buy the company for $44.50 a share, or about $3.7 billion, slightly more than TRATON’s final offer and almost $10 more a share than its $2.9 billion bid in January.
The autonomous trucking company partners with Volkswagen’s TRATON Group on a Swedish autonomous truck program.
Seven months after Volkswagen’s truck holding company, TRATON SE, made an unsolicited $2.9 billion offer for Navistar, talks may be heating up, according to Bloomberg.
Big investors like Carl Icahn will have a say in whether Volkswagen’s truck group buys the 83% of Navistar it does not already own, but CEO Troy Clarke’s expected age-related departure this year seems more than a coincidence in TRATON’s $2.9 billion bid.
A record Australian fine of A$125 million ($86.2 million) has been imposed on Volkswagen because of its false emissions statements.
Daimler is cutting jobs citing global economic slowdown and emissions fine; German economic growth exceeds expectations; U.S.-China limited trade deal is still unsigned.
The door to TRATON Group selling trucks in North American opened a crack with a memo of understanding between Navistar and TRATON to sell Scania mining trucks in Canada.
Volkswagen’s spinoff of its heavy-truck unit TRATON paves the way for it to pursue Navistar further.
TRATON’s shares open at 27 euros, the low-end of the deal range, and immediately fell below that price.
Navistar announces plans to invest $125 million in new and existing facilities in Alabama.
Volkswagen AG announced that it is offering up to 15 percent of TRATON for a range of 1.553 billion euros and 1.898 billion euros.
On its earnings call, NAV walked through its earnings outperformance and provided some highlights on the business and its increased guidance.
Despite weakness across global markets in May, as well as increased global trade hostilities, the German auto/truck manufacturer plans to move forward with the IPO.
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
Volkswagen partners with Amazon Web Services, to streamline data coming from its different manufacturing and logistics processes, and create actionable information to improve production flexibility and increase vehicle quality.
Ford will build vans and midsize pickups under an alliance formed with Volkswagen, while tapping into VW’s autonomous and electric expertise.
In the last few weeks, Volkswagen AG has been fined $1.2 billion by a German court over its Dieselgate scandal and is now looking at recalling 124,000 vehicles as it discovered the presence of cadmium in chargers of its electric car variants.