Business & Finance

VW trucks division open to taking over Navistar

Published April 16, 2018 Updated April 16, 2018 12:17pm

VW's truck and bus division acquired a 16.9 percent stake in Navistar in 2016 as it aims to broaden its international footprint and become a major force in the global trucks market.

"(Taking over Navistar) would make sense at some point," Matthias Gruendler, the division's finance chief, told reporters on Thursday.

Copyright Reuters, 2018