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Traton SE Says Expects Q3 2020 Sales Revenue Of Around 5.7 Bln Euros
Man SE Says Traton SE Not Seeking Execution Of Merger Squeeze-Out Of Minority Shareholders Of Co
Traton SE Is Not Seeking Execution Of Merger Squeeze-Out Of Minority Shareholders Of Man SE In 2020
Traton SE is a Germany-based manufacturer of commercial vehicles. The Company operates through a number of brands, which includes MAN, a commercial vehicle manufacturer, which specializes in the production of vans, as well as city buses and intercity and travel coaches; Scania, which provides transport solutions, heavy duty vehicles for long-distance and distribution transport, as well as construction vehicles; Volkswagen Caminhoes E Onibus, which is a provider of light-to heavy-duty trucks and bus for markets, such as Latin America and Africa, and Rio, which is a global brand for digital services in the transport industry that offers an open, vendor-neutral and cloud-based platform for freight transport.
Auto & Truck Manufacturers
Dachauer Str. 641
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Volkswagen's <VOWG_p.DE> trucks business Traton <8TRA.DE> said on Friday it had agreed to raise its takeover bid for Navistar International Corp <NAV.N> to $44.50 per share from $43, closing in on a deal that would extend its reach into North America.
** Traton says it matches NAV's demand of $44.50/share to buy the portion of NAV that Volkswagen unit Traton does not already own
Volkswagen's truck unit Traton on Friday said it had agreed to sweeten its $43 per share takeover bid for U.S. truck maker Navistar International Corp to $44.50. "Traton SE and the US-American truck manufacturer Navistar International Corporation, in which Traton already...
Volkswagen's <VOWG_p.DE> truck unit Traton <8TRA.DE> said on Wednesday its revised takeover bid of $43 per share for U.S. truck maker Navistar International Corp <NAV.N> will expire on Oct. 16, if not accepted by then.
Volkswagen's <VOWG_p.DE> Traton commercial truck unit and self-driving technology startup TuSimple will partner to develop self-driving trucks, the companies said on Wednesday.
Navistar International Corp <NAV.N> on Monday rejected Volkswagen <VOWG_p.DE> truck unit Traton's <8TRA.DE> buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.
Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.
Volkswagen's <VOWG_p.DE> trucks arm Traton <8TRA.DE> on Thursday hiked its buyout offer for U.S. peer Navistar <NAV.N> by more than a fifth to $43 per share.
Swedish truckmaker Scania, owned by Germany's Traton <8TRA.DE>, is planning major job cuts and estimates it has 5,000 more staff globally than it needs as a result of the coronavirus crisis.
Andreas Renschler, chief executive of Volkswagen's <VOWG_p.DE> Traton <8TRA.DE>, told Frankfurter Allgemeine Sonntagszeitung that members of the truck maker's management had contracted the coronavirus.
Volkswagen's <VOWG_p.DE> Traton <8TRA.DE> commercial truck unit has seen cancellations of orders due to the coronavirus outbreak but these are manageable, its chief told a German magazine in an article published on Friday.
* FY TRUCKS AND BUSES ORDER INTAKE 227,240, DOWN 7% Source text - https://bit.ly/2Ufn7dv Further company coverage: (Gdansk Newsroom)
Volkswagen AG's <VOWG_p.DE> Traton <8TRA.DE> commercial truck unit said on Thursday it had offered $35 a share, or $2.9 billion, for the shares of U.S. truck maker Navistar International <NAV.N> that it does not already own, and investors bet the bid will go higher.
German truck manufacturer Traton SE <8TRA.DE> said on Thursday it had made a $2.9 billion offer to buy the remaining shares in Navistar International Corp <NAV.N> it does not already own.
Volkswagen <VOWG_p.DE> on Thursday said its truck division Traton SE <8TRA.DE> has made a $35 per share takeover offer for United States rival Navistar International Corp <NAV.N>.
Volkswagen on Thursday said its truck division Traton SE has made a $35 per share takeover offer for United States rival Navistar International Corp. (Reporting by Edward Taylor Editing by Chris Reese)
Volkswagen AG's Traton commercial truck unit said on Thursday it has offered $35 a share, or $2.9 billion, for the remaining shares of U.S. truck maker Navistar International that it does not already own.
German truck manufacturer Traton <8TRA.DE> on Wednesday said 2019 sales rose by 4% to 242,200 vehicles but confirmed that it expected the European market for trucks weighing more than six tonnes to decline by 10-20% in 2020.
German truck maker Traton <8TRA.DE> warned that its order intake had fallen in the first half, even as its operating profit rose 25% on the back of a rise in sales at Scania and a recovery in key markets like Brazil.
Traton <8TRA.DE> Chief Financial Officer Christian Schulz on Monday said the truck and bus maker currently sees no need to draw up additional plans to prepare for a no-deal Brexit and would review the matter later in the year.
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