Navistar nets Europe’s Traton Group a North American market foothold

Scania and MAN truck nameplate owner Traton Group has begun the second half of 2021 with a third brand known for severe service models, International Truck, after completing a $3.7 billion takeover of Lisle, Ill.-based Navistar Inc. Combining the Paris-based suitor’s leading stake in the European and South American markets with Navistar’s strong presence in North America lays the foundation…

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Navistar adds North American market heft to Europe’s Traton Group

Sources: Traton Group, Paris; CP staff Scania and MAN nameplate owner Traton Group has begun the second half of 2021 with a third brand known for severe service models, International Truck, after completing a $3.7 billion takeover of Lisle, Ill.-based Navistar Inc. Combining the suitor’s leading stake in the European and South American markets with Navistar’s strong presence in North…

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