New Master?

For years, maybe even a full decade, the rumors have persisted that VW would enter the US heavy truck market by purchasing Navistar, parent company of International Trucks. The two firms already have a close relationship with VW holding a 16.6% interest in Navistar.

The other shoe finally dropped last week with VW offering 2.9 billion to purchase full control of Navistar. There is much to discuss with this offer among the board and of course the military contracts held by Navistar will come under scrutiny. With Mack and Freightliner already under foreign control the good folks at PACCAR will be the last American owned heavy truck company in North America.

For further ready visit this Heavy Duty Trucking article.

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