This week Volkswagen Truck & Bus announced a $256 million spend for 16.6 percent of the United States’ heavy-truck outfit Navistar, which make International Trucks and IC Bus. The plan is ostensibly for VW to help Navistar comply with diesel emissions regulations. No, really!
As we reported yesterday, Volkswagen T&B already owns parts of European big-truck companies Scania, MAN and of course Volkswagen Caminhões e Ônibus. But the incursion into Navistar will give them a position in the U.S. truck market.