Even though a deal with Navistar International Corp dissolved over the summer, the commercial truck maker remains interested in possibly acquiring General Motors' medium-duty truck unit. Dan Ustian, Navistar's chairman, chief executive and president, told the Reuters Manufacturing Summit in Chicago that, "...we're always looking to grow and that compliments us pretty well."
Medium Duty Trucks
- Jeremy Korzeniewski
- Sep 24, 2008
It must be pretty hard to unload an unwanted truck business these days. Just ask General Motors, which has attempted to sell its medium-duty truck operations first to Navistar and then Isuzu. Both heavy-duty diesel makers have passed on the offer. Isuzu had been rumored as a possible buyer for the unit after Navistar let the non-binding agreement pass by unsigned. Now, Isuzu President Susumu Hosoi tells Reuters, "There will be no such acquisition happening" from his company either, suggesting th
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