Scania

Navistar takeover intrigue rises with TRATON leadership shakeup

Navistar and TRATON CEOs

If German truck holding company TRATON Group (ETR: 8TRA) completes its unsolicited bid to buy Navistar International Corp. (NYSE: NAV), new leaders will run the combined company with TRATON CEO Andreas Renschler departing.

TRATON announced on Tuesday, July 8, that takeover architect Rentschler is departing and handing the CEO role to Matthias Gründler, the former chief financial officer of the Munich-based truck holding company of Volkswagen AG. 

Navistar named Persio Lisboa to succeed Troy...

https://www.freightwaves.com/news/navistar-takeover-intrigue-rises-with-traton-leadership-shakeup

Navistar extends CEO’s contract as buyout by TRATON on hold

Navistar International Corp. (NYSE: NAV) CEO Troy Clarke will lead the company until at least July 1 as the coronavirus pandemic delays action on a $2.9 billion buyout offer by Volkswagen AG’s trucking subsidiary TRATON Group.

Clarke’s contract was extended on April 11 beyond its scheduled expiration on April 22, according to a Navistar filing with the U.S. Securities and Exchange Commission (SEC). It is the third time his contract has been pushed out following extensions in 2018 and 2019.

The...

https://www.freightwaves.com/news/navistar-extends-ceos-contract-as-buyout-by-traton-on-hold

Incat Crowther designs new Ro-Pax ferry for Australia

The vessel will be powered by four Scania DI13 070M main engines, each producing 184 kW (247 hp) at 1,800 rpm. Incat Crowther photo

Incat Crowther has announced the design of a double-ended Ro-Pax ferry to operate to Bruny Island in Tasmania.

The vessel will be operated by Sealink Travel Group — one of Australia’s largest vessel operators — and will be built by Richardson Devine Marine in Hobart, Australia. The first vessel will go into service in December 2019.

The vessel is unusual for a double ended vehicle ferry in that it is a robust aluminium catamaran offering a very significant fuel savings when compared with a...

https://www.workboat.com/news/shipbuilding/incat-crowther-designs-ro-pax-ferry-australia/

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