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VW mulling stake in U.S. truckmaker Navistar

by Zach Bowman (RSS feed) on Jun 12th, 2012 at 6:01PM

Volkswagen is reportedly looking into taking a stake in heavy truck maker Navistar International in an attempt to gain ground on rival Daimler. Reuters references a Financial Times Deutschland report as saying such a move would give VW a leg up on Daimler Trucks, which holds the keys to U.S.-based Freightliner. Navistar International hasn't performed particularly well in recent months. Last quarter saw the truck maker post a second quarter loss tied to warranty costs. The news sent the company's stock down by 28 percent to its lowest level since 2008. The current Volkswagen portfolio... Read More

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