Go Back   Team-BHP > BHP Worldwide > The International Automotive Scene

Thread Tools Search this Thread
Old 7th September 2016, 08:30   #1
Senior - BHPian
Join Date: Dec 2010
Location: --
Posts: 7,487
Thanked: 9,979 Times
Default VW and Navistar - Misery loves company!

There is no truth yet as suggested in the tittle but contrary to that Volkswagen buys stake in Navistar and gains foothold in US truck market.

Volkswagen Truck & Bus and Navistar announced that the German truck builder purchased 16.6% of the American company. This alliance not only is an opportunity for VW to get market share in the States, but also a sign that VW isn't too badly battered by the diesel scandal.
CEOs from both companies cited the various ways this $256 million deal will be beneficial. For Navistar, the company will get a healthy amount of cash, which will be helpful in light of recent declining sales.Navistar also will now have access to VW's wealth of development resources as well as greater purchasing power due to scale.
VW will benefit by having a network of dealers in the US and a company with insight on how the American truck market works and what buyers in the US demand of their vehicles. Until now, VW has only been able to compete in Europe and South America with MAN, Scania, and Volkswagen Caminhões e Ônibus.

Last edited by volkman10 : 7th September 2016 at 08:32.
volkman10 is offline   (3) Thanks Reply With Quote
Old 7th September 2016, 20:58   #2
Distinguished - BHPian
Join Date: Jul 2009
Location: Kolkata
Posts: 3,276
Thanked: 1,634 Times
Default VW and Navistar - Misery loves company!

Apparently VW is in talks to buy US truck maker Navistar. What do they have in common:- Both spectacularly failed US NOx emissions norms.
Sutripta is offline   (5) Thanks Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
My Misery of Skoda Laura AT L&K vinmaz Technical Stuff 78 8th February 2011 17:35
You know your girl loves you when... frankmehta Shifting gears 16 14th January 2010 23:15
Everyone loves Safari 2.2 BUT... MG1558 SUVs, MUVs & 4x4s 1 11th January 2008 16:45
The 150+ bhp modded car misery. B16? Mivec? 1 bar G16B? Inputs needed. mclaren1885 Sedans 73 6th September 2007 20:40
This dude loves his bike too much!! GTO Motorbikes 20 23rd February 2006 20:21

All times are GMT +5.5. The time now is 19:46.

Copyright ©2000 - 2016, Team-BHP.com
Proudly powered by E2E Networks