VW Buys Stake in Icahn-Backed Navistar in Bet on U.S. Trucks

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  • Volkswagen to pay $256 million for 16.6% of Navistar
  • VW trucks unit is largely focused on Europe, South America

VW Buys Stake in Navistar, Company CEOs Weigh In

Volkswagen AG will buy a stake in Navistar International Corp. to gain a foothold in the U.S. heavy-truck market, taking a gamble on a struggling U.S. manufacturer as the German company still grapples with the fallout from the emissions-cheating scandal. Navistar shares soared as much as 67 percent.

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