Hamburg Volkswagen achieved through a partnership with the American truck maker Navistar jump on the important US market. Both companies announced on Tuesday at a far-reaching strategic alliance, confirming information of the news agency Reuters. To support the partnership, takes over the VW subsidiary Truck & amp; Bus for $ 256 million 16.6 percent at Navistar. In return, the Wolfsburg can to send two representatives to the Board of Navistar
Andreas Renschler, Truck & amp. Bus boss at VW, said Tuesday in a conference call: “On our way to becoming a global champion, all options are open.” A similar response he gave when asked if his group more than 16.6 percent could take over the US manufacturer.
the truck business of Volkswagen
Unlike Daimler and Volvo Volkswagen is not with his two truck brands MAN and Scania in the important US market for heavy trucks previously active. “Now we take the next step on our way to a global champion of the commercial vehicle industry”, Andreas Renschler said. The alliance with Navistar was an important milestone. The end of this or early next year starting cooperation will Navistar enable to achieve global scale and scope in the procurement, said Navistar CEO Troy Clarke.
Part of the cooperation agreement is the joint development of a engine platform and a common purchase. “By working together, especially when the drive train, our synergy potential increased again significantly in the group,” said Matthias Gründler, CFO of VW Truck & amp; Bus. Navistar will benefit from the drive technologies of Volkswagen, and Volkswagen in return of large numbers.
Unlike car is VW for heavy trucks and buses not affected by the gas scandal. Volkswagen had admitted to having tampered with diesel exhaust emissions with a software. Therefore, the Group threaten billions penalties and damages.