During a press gathering at IAA 2018 in Hannover, Germany, Navistar executives updated the company’s position within Traton Group, Volkswagen Truck & Bus’s alliance group formed earlier this summer that includes subsidiary companies and joint venture partnerships.
Two years ago, VW purchased more than 16 percent of Navistar’s shares and gained two board seats. In addition, the two companies entered what would become the first joint venture for the Traton Group aimed at creating cooperative alliances, leveraging scale for raw materials and components, global expansion and elevating brand performance for companies across the group. VW since has increased its investment
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