Medium and Heavy Vehicles
Apr 24, 2018
Date: April 23, 2018
Successful Dealer Magazine
Two days after Volkswagen Truck and Bus executive Matthias Gruendler sent Wall Street ablaze saying a takeover of Lisle, Ill.-based truck maker Navistar “would make sense at some point,” the German parent company filed paperwork with the Securities and Exchange Commission to make more clear the company's intentions.
According to a filing sent to the SEC Wednesday, and signed by VW T&B boss Andreas Renschler, Volkswagen “is not reporting any changes to its plans or proposals >Read more
Apr 17, 2018
(Bloomberg)—Volkswagen's heavy-vehicle division is open to a takeover of U.S. affiliate Navistar International as the German company seeks scale to compete with global leaders Daimler and Volvo.
Volkswagen Truck & Bus, which is changing its structure to access capital markets in about a year, might consider boosting its existing stake of just under 17 percent of Navistar, though that could trigger a mandatory takeover offer, Chief Financial Officer Matthias Gruendler said >Read more
Apr 16, 2018
April 12, 2018 11:58 CET
TOKYO -- Volkswagen Group's Truck & Bus unit said it has agreed to form a strategic partnership with Japanese truck maker Hino Motors to better compete in the commercial vehicle industry, which is undergoing transformation due to the need for lower-emission vehicles and automated driving capabilities.
The two truck makers said they will consider cooperating in areas such as diesel and gasoline-electric hybrid engines, connectivity and self-driving technologies, adding >Read more
Apr 3, 2018
Date: April 2, 2018
A class action lawsuit alleging that FCA and Cummins used emissions defeat devices on 6.7-liter diesel-equipped 2007-2012 Ram 2500 & 3500 trucks has been dismissed by a federal judge.
Citing insufficient evidence, judge Terrence Berg for the U.S. District Court for the Eastern District of Michigan granted FCA’s motion for dismissal for a lawsuit filed in late 2016 by law firm Hagens Berman.
Berg notes that while the lawsuit refers to European diesel emissions tests, >Read more
Mar 27, 2018
Date: March 26, 2018
"Things continue to hum [and] everything is working in the economy,” noted Jonathan Randall, senior vice president of sales and marketing for Mack Trucks, and that’s putting what he dubbed “significant upward pressure” on Class 8 orders.
He explained during a press conference here at the Mid America Trucking Show that the U.S. economy continues to display “good momentum” in 2018 with 2.88% gross domestic product (GDP) growth expected this year compared to 2.3% in 2017. As a result, strong freight >Read more