Navistar, Volkswagen Truck and Bus announce strategic alliance
Navistar International Corp. and Volkswagen Truck and Bus have announced a wide-ranging strategic alliance, which includes Volkswagen Truck and Bus investing in Navistar stock, as well as agreements for strategic technology and supply collaboration and a procurement joint venture. Navistar will remain an independent truck, bus and engine company. As part of the alliance, Volkswagen Truck and Bus will acquire 16.2