Volkswagen has agreed to supply engines to Navistar in exchange for a 19.9% stake in the truckmaker. Volkswagen will pay around $16 per Navistar share or about $223 million in total. The financial burden of developing next generation engines to meet new emissions standards is forcing several vehicle makers to pursue partnerships and technology deals.

Volkswagen’s trucks division to announce a partnership with U.S.-based rival Navistar International Corp

Leave a Reply

Your email address will not be published. Required fields are marked *