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Navistar Latest News

  • MWM is owned by Navistar International Corp, a subsidiary of German-based vehicle maker Traton SE. It reported an operating net revenue of 2.7 billion reais in 2021, Tupy said.
    Brazil's Tupy Set To Buy Traton-Owned Motor Maker MWM, Shares Soar
  • The announcement follows hours of negotiations, with Navistar's board saying the offer would need to be raised to $44.50 per share to win shareholders' backing, hours before Traton's $43 per share offer was due to expire.
    Volkswagen Raises Navistar Bid To $44.50 Per Share To Clinch Trucks Deal
  • Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.The German automaker has raised its $35 per share January offer as it looks to increase its 16.6% stake in the U.S. truck maker Navistar acquired in 2016.
    Navistar Rejects Traton's Buyout Offer, Calls It Starting Point
  • Self-driving technology for freight trucks has attracted investor attention as it should be easier and cheaper to roll out than in self-driving cars and robotaxis, while providing a clearer path to profitability.
    Navistar To Develop Self-Driving Trucks With TuSimple