Volkswagen AG’s TRATON Group (8TRA.S.DX), which soon will be the parent of Navistar International Corp. (NYSE: NAV), will spend $1.9 billion on truck electrification by 2025. Some of that money could help Navistar advance early battery electric and hydrogen fuel cell programs.
TRATON earlier committed to spend $1.2 billion on electric mobility by mid-decade.
“TRATON is setting a clear focus on electric trucks,” TRATON CEO Mattias Gründler said in a press release Monday. “This transition will not...
https://www.freightwaves.com/news/traton-goes-almost-all-in-on-truck-electrification