VW's Traton Plans to Grow Without Acquisitions -Handelsblatt
17 July 2019 - 8:16PM
Dow Jones News
--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)
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