TRATON makes long-expected move to take over Navistar despite claiming disinterest. Navistar says it will take a look at the offer.
Truck maker TRATON Group S reported higher revenue and profit for the first nine months of the year, but warned of a tougher 2020 with an accelerating slump in orders and global economic uncertainty.
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.
Truck subsidiary of Volkswagen AG will split investment into electric vehicle and software development to speed introduction of alternative fuel and self-driving commercial vehicle options
Scania is the only truck maker fined by the European Commission (EC) in September to appeal that decision, and is maintaining its innocence against charges it participated in a cartel with other truck makers to fix pricing. The company has filed an official appeal against the EC decision.
