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VW raises Navistar bid to $44.50 per share to clinch trucks deal

Traton would pay about $3.7 billion for the shares in Navistar it doesn't already own

A successful merger would combine the MAN, Scania and Volkswagen trucks brands with Navistar to create a global manufacturer, at a time when the industry is seeking ways to share the costs of developing low emissions technology. At $44.50 per share, Traton would pay about $3.7 billion for the shares in Navistar it doesn't already own, valuing the U.S. business as a whole at around $4.4 billion. "Traton SE and the U.S.-American truck manufacturer Navistar International Corporation, in which Tra

Navistar still interested in acquiring GM medium-duty trucks?

Even though a deal with Navistar International Corp dissolved over the summer, the commercial truck maker remains interested in possibly acquiring General Motors' medium-duty truck unit. Dan Ustian, Navistar's chairman, chief executive and president, told the Reuters Manufacturing Summit in Chicago that, "...we're always looking to grow and that compliments us pretty well."

Navistar suing Ford... again

Ford and Navistar are once again going to court over the automaker's plans to develop a 4.4L diesel engine inhouse for the F-150. The original lawsuit was thrown out last June, with the judge ordering the two corporations to iron out their differences in mediation. Since no progress has been

Nissan hasn't learned from Ford: Navistar-powered diesel Titan in 2009

All indications are that Ford will be dumping the Navistar diesels it's used in its Super Duty pickups almost forever in favor of an in-house-developed diesel sometime around the end of the decade. Apparently undaunted by the quality issues that Ford has repeatedly experienced with the Navistar engines, Nissan appears ready to step into the breach and pick up the supply for the Titan pickup.

VIDEO: Ford Super Duty diesel throwing flames

This video of a 2008 Ford Super Duty pickup shooting flames from its tailpipes surfaced last week over at forddoctorsdts.com, a forum only open to registered Ford diesel technicians. It made its way to some other forums before finally popping up on more mainstream sites today. Literally nothing is known for sure about the video, like who uploaded it, whether or not the truck spewing flames is one of the three Ford refers to in its recall notice, or even if the light show is the result of leaky i

Ford Super Duty production cut in wake of Power Stroke dispute

Amid all the other problems facing Ford, now they're having to cut production of one of their most in-demand and profitable vehicles just weeks after launching it. Three quarters of the 200,000 Super-Duty pickup trucks that Ford sells annually are equipped with the Power Stroke diesel V-8 made by International Truck. In the previous generation of the trucks, the 6.0L version had an unusually high number of warranty problems. This caused Ford to sue International in January to try and recover som

Navistar to-do list: Restate company financials, hire new auditor

Earlier this year, Navistar delayed the filing of its annual report and blamed it on accounting errors by its auditor. Now, the truckmaker has stated that it will fire Deloitte and Touche and will retain the services of KPMG for its auditing needs. The relationship with Deloitte went back nearly a century.