VW bolsters Brazilian truck and bus offshoot

Following in the wake of taking a stake in Navistar International Corporation, Volkswagen AG is pitching in with a €420 million investment in Volkswagen Caminhões e Ônibus in Brazil to boost that business’s poduct portfolio. Intriguingly, Navistar too has operations in Brazil.

Clarke confirms Navistar/VW tie-up

Navistar International Corporation has confirmed a wide-ranging strategic alliance with Volkswagen Truck & Bus that brings in $256 million.