FCA To Merge With PSA

wilber1 wrote:

RobertRyan wrote:
Not the only European incursion into the North American Automotive Scene recently
Navistar showed Scania Light Quarry Trucks to be used in the Canadian Mining Industry
Navistar is relying a fair bit on Scania expertise.
Just to remind you Scania and MAN do have an agenda to buy Navistar outright when Global conditions improve.

And Scania and MAN are part of Volkswagen Group.

What he is saying is not totally true.

My company is the largest Navistar dealership group in the world and we meet with many of their corporate teams on a regular basis. VW group, which is the parent company of Scania and Man as you say, owns over 20% of the shares in Navistar and they have agreed to share tech and assets. There have been no future plans as of yet to take over Navistar. I do not think VW group can afford a total acquisition yet either. VW is also using Navistar to enter into the North American market with their brands and models that Navistar does not offer a competitive truck for.