Traton to enter North American truck market

by Oct 19, 2020

Traton is entering North American truck market by acquring Navistar for $3.7 billion. Traton is a Volkswagen’s Europe-based truck maker. Traton recenlty said that it will acquire all Navistar shares. Navistar has said that it has gained the approval of its largest share holders to proceed with the deal. Navistar’s shares for class 8 trucks in North American market has declined over the last decade and had reached 11% in March 2020. This acquisition will is provide Navistar with an opportunity to reaquire the market share it has lost. Link to the news: