Volkswagen AG

Daimler will create stand-alone truck business

Editor’s Note: Updates throughout with additional information

Daimler AG (OTC: DDAIF) plans to create a separate company for its Daimler Truck business that would focus on zero-emissions vehicles and software that could lead to autonomous trucking.

The decision by Daimler’s supervisory board to move forward follows several years of discussion. The German newspaper Handelsblatt reported in December that Daimler was considering acting before the end of 2021. Shareholders will vote on the spinoff at...

https://www.freightwaves.com/news/news-alert-daimler-will-create-stand-alone-truck-business

News Alert: TRATON and Navistar reach definitive $3.7 billion merger deal

TRATON Group and Navistar International Corp. (NYSE: NAV) reached a definitive agreement on TRATON’s $3.7 billion takeover of the maker of International trucks and IC buses on Saturday. The deal concludes TRATON’s on-again, off-again four-year pursuit.

TRATON is paying $44.50 a share for the 83% of Navistar it does not already own. The transaction is expected to close in mid-2021. The board of Volkswagen AG, the largest shareholder and one-time parent of TRATON, voted in favor of the merger and...

https://s29755.pcdn.co/news/news-alert-traton-and-navistar-reach-definitive-37-billion-merger-deal

Borderlands: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Volkswagen Taos starts production in Mexico; Lalamove launches delivery services in Dallas; Dachser Mexico expands in Querétaro; and OmniTRAX grows in South Texas.

Volkswagen starts production of new SUV line in Mexico

Volkswagen AG (U.S. OTC: VLKAF) revealed its new Taos subcompact SUV on Tuesday and announced that the vehicle will be produced at its plant in Mexico.

The...

https://s29755.pcdn.co/news/borderlands-volkswagen-taos-starts-production-in-mexico-lalamove-launches-delivery-services-in-dallas

The Daily Dash: TRATON to acquire Navistar; early earnings disappoint

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Volkswagen’s truck division TRATON has formally agreed to acquire Navistar. Plus, carriers remain firmly in charge when it comes to rates and the first truckload earnings are out and they are not as good as expected.

A marriage made in truck heaven

TRATON has formally agreed to acquire U.S. truck maker Navistar, concluding a nearly yearlong saga that was first rumored years ago.

Alan Adler has the...

https://s29755.pcdn.co/news/the-daily-dash-traton-to-acquire-navistar-early-earnings-disappoint

Navistar tells TRATON it will accept buyout at $44.50 a share

Navistar International Corp. (NYSE: NAV) countered TRATON Group’s “best and final” $43 a share offer on Friday, telling Volkswagen AG’s truck holding company it would need to pay $44.50 a share, or about $3.7 billion, to acquire the company.

The counteroffer has the backing of two large Navistar shareholders — billionaire Carl Icahn and financier Mark Rachewski. Icahn and Rachewski, through his MHR Fund Management, and TRATON each own about 17% of Navistar’s shares.

Final negotiations

The deal...

https://s29755.pcdn.co/news/navistar-tells-traton-it-will-accept-buyout-at-4450-a-share

TuSimple scores another OEM partner, in Europe

Self-driving trucking technology company TuSimple is teaming up with the TRATON Group (ETR: 8TRA) to develop autonomous vehicles in Europe.

The collaboration, announced Wednesday, will work initially to operate a hub-to-hub route between the Swedish cities Södertälje and Jönköping using Scania trucks, a TRATON brand, according to a press statement

TRATON, the truck holding company of German automaker Volkswagen AG, also has taken a minority stake in TuSimple.

The agreement builds on an existing...

https://s29755.pcdn.co/news/tu-simple-scores-another-oem-partner-in-europe

Report: TRATON-Navistar merger talks heat up

Seven months after TRATON SE (ETR: 8TRA) offered $2.9 billion offer to acquire the rest of Navistar International Corp. (NYSE: NAV)  the on-again, off-again merger talks may be heating up, according to a Bloomberg report.

TRATON is the truck holding company of German automaker Volkswagen AG. It owns about 16.7% of Navistar, which builds International-brand trucks, school buses, defense vehicles and engines. 

On Jan. 30, TRATON offered $35 a share in cash for the rest of Navistar shares. But it...

https://s29755.pcdn.co/news/report-traton-navistar-merger-talks-heat-up

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