October 26, 2020

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    TuSimple

    Volkswagen’s Traton partners with TuSimple for autonomous trucks

    Volkswagen‘s Traton commercial truck unit and self-driving technology startup TuSimple are going to partner for developing self-driving trucks, the companies said on Wednesday. Traton has also grabbed a minority stake in TuSimple, a San Diego, California-based self-driving technology company focused on heavy-duty trucks, as part of the deal. TuSimple is a self-driving technology company that works […]

    Volkswagen
    navistar

    Navistar declines Traton’s buyout offer, calls it a starting point

    Navistar International on Monday turned down Volkswagen truck unit Traton‘s buyout offer of $43 per share, but said it was a starting point for finding out a possible transaction. The German automaker has raised its $35 per share January offer as it looks to boost its 16.6% stake in the U.S. truck maker Navistar acquired in […]

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    Volkswagen traton

    Volkswagen’s trucks subsidiary Traton hikes Navistar offer

    Volkswagen‘s trucks subsidiary Traton on Thursday hiked its buyout offer for U.S. peer Navistar by over a fifth to $43 per share. The German automaker made a $35 per share offer in January when it was attempting to boost its stake in Navistar beyond the 16.6% it purchased in 2016 but failed to secure a majority […]

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    Volkswagen traton

    Traton sees some order cancellations, due to covid-19

    Volkswagen’s Traton commercial truck unit has seen cancellations of orders because of the coronavirus outbreak but these are manageable, its chief informed a German magazine in an article published on Friday. WirtschaftsWoche also quoted Andreas Renschler as stating that he could not rule out major job cuts. As of December 31, 2019, Traton has 29 […]

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    Volkswagen traton

    VW to use Traton proceeds to internationalize truck business, says CEO

    German automaker Volkswagen will use proceeds of an initial public offering of its Traton trucks unit to spend in the “internationalization” of the division, CEO Herbert Diess stated on Tuesday. Volkswagen on Monday stated it would press ahead with a listing of Traton prior to the 2019 summer break and would spend nearly 1 billion […]

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    VW wins worker support for restructuring with $1.1 billion battery plan

    Volkswagen workers supported a restructuring of Volkswagen on Tuesday after CEO Herbert Diess vowed to spend 1 billion euros ($1.1 billion) on a new battery cell production plant close to its headquarters in Lower Saxony. Diess requires the support of Volkswagen’s powerful unions as he tries to slim down and simplify the German company, that […]

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    Volkswagen is about to hire four banks for truck unit IPO

    Volkswagen is near to hiring Citigroup, Deutsche Bank, Goldman Sachs and JP Morgan to assist with the possible stock market listing of its truck unit Traton, two people knowledgeable with the matter informed Reuters on Monday. Volkswagen stated last month that Traton should by year-end be in shape for a possible stock market listing, which […]

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    Volkswagen MAN truck brand

    Volkswagen ordered by German court to pay MAN minorities 300 million euros

    A German court has ordered Volkswagen‘s truck unit MAN to pay 300 million euros ($350 million) to shareholders in the unit, putting a long-running court battle over its buyout offer to an end. Minority shareholders in MAN will get a gross yearly payment of 5.50 euros per share, which is 2.20 euros more compared to […]

    Volkswagen

    If you're planning an Off-Road Adventure into the outback, as a minimum, you’ll need an air compressor. Be sure to read this guide to choose the best off road 12 volt air compressor.