Source: The New York Times
VW expands its foothold into diesel joining alliances with Navistar:
“Volkswagen said on Tuesday that its truck and bus business had agreed to acquire a 16.6 percent stake in the Navistar International Corporation, an American commercial truck maker, giving it a greater access to the North American commercial vehicle market.
We are very pleased to partner with a global leader who shares our view of the world, in an alliance that will deliver multiple benefits and is consistent with our open-integration strategy,” Troy A. Clarke, the Navistar president and chief executive, said in a news release.
The companies said they would collaborate on strategic technology and establish a joint venture for purchasing, initially focusing on common powertrain systems.”
The New York Times, “Volkswagen Takes Minority Stake in Truck Maker Navistar,” September 6, 2016