VW’s Traton Eyes China Push After $3.7 Billion Navistar Deal
- Sales, orders continue to improve in the second quarter
- Navistar takeover marks milestone in global expansion plan
Navistar International trucks.
Photographer: Scott Olson/Getty Images
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Volkswagen AG’s Traton SE truck unit will seek to expand in Asia to build a broader global presence, after finalizing the $3.7 billion takeover of U.S. affiliate Navistar International Corp.
The company plans to fill remaining gaps in its industrial footprint in markets including China, Traton said Wednesday in a prepared statement for its annual general meeting.