VW's Traton Plans to Grow Without Acquisitions -Handelsblatt

Date : 07/17/2019 @ 10:16AM
Source : Dow Jones News
Stock : Navistar International Corp (NAV)
Quote : 33.02  0.36 (1.10%) @ 1:00AM
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VW's Traton Plans to Grow Without Acquisitions -Handelsblatt

Navistar (NYSE:NAV)
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--Volkswagen's truck maker Traton plans to grow without the help of acquisitions and has distanced itself from a potential takeover of Navistar, German daily Handelsblatt reports.

--Traton Chief Executive Andreas Renschler said the company is happy with its partnership with Navistar "as it is," and plans to strengthen its position with cooperation, according to the newspaper.

--Traton took a minority stake in Navistar two years ago, sparking speculation about potential takeover plans.

 

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(END) Dow Jones Newswires

July 17, 2019 06:01 ET (10:01 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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