Volkswagen AG
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News
Is a Navistar transition a factor in TRATON bid timing?
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…
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Legal issues
Volkswagen hit with $86.2 million fine for emissions cheating
A record Australian fine of A$125 million ($86.2 million) has been imposed on Volkswagen because of its false emissions statements.
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Today's Pickup
Today’s Pickup: Daimler is laying off over 1,000 workers to save money amidst auto sector slowdown
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.
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OEM
Navistar expands TRATON partnership with Canadian mining deal
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…
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International
Stage set for Volkswagen to further pursue Navistar
Volkswagen's spinoff of its heavy-truck unit TRATON paves the way for it to pursue Navistar further.
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News
Volkswagen truck IPO dips below low-end of range
TRATON’s shares open at 27 euros, the low-end of the deal range, and immediately fell below that price.
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News
Navistar putting more money to work in Alabama
Navistar announces plans to invest $125 million in new and existing facilities in Alabama.
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News
Pricing set for Volkswagen’s truck IPO
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.
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Company earnings
Navistar moving higher on increased outlook
On its earnings call, NAV walked through its earnings outperformance and provided some highlights on the business and its increased guidance.
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Finance
Volkswagen to proceed with IPO despite choppy markets
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.
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