Volkswagen AG

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.