Navistar Could Be Taken Over by Volkswagen


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The Wall Street Journal reported a possibility that Volkswagen will take full control of Navistar.

Volkswagen, which brought in a new chief executive last week, owns 17% of Navistar, according to the Journal.

According to the Journal, new chief executive Herbert Diess wants to “accelerate the pace of change at Volkswagen,” and an initial public offering could be on the horizon.

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Terry Mulreany
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Susie Angelucci
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