VW Group acquires a stake in Navistar (International)
- The Volkswagen group, which in 2016 became the world's largest manufacturer of light vehicles (PC and LUV), has the ambition to become the world's largest medium and heavy truck manufacturer, ahead of Daimler and Volvo Trucks groups, currently respectively in first and second position. This strategy of taking the lead brought Volkswagen to take control of Swedish Scania in 2008 (purchase of 69% of the capital) and German MAN in 2011 (purchase of 56% of the capital). Scania and MAN are among the seven leading European truck manufacturers, with Mercedes, Volvo Trucks, Renault Trucks, DAF and Iveco.
- Scania occupies 16% of the European market for heavy goods vehicles in 2016 and MAN 14%. The VW group which controls them now occupies 30% of the European market for heavy goods vehicles, against 25% for the Volvo Trucks group and 20% for the Daimler group. To be a global player, such as Daimler and Volvo Trucks, the VW Group must be present in at least the United States, which represents 250,000 vehicles a year (compared with 290,000 units in Europe).
- This is what prompted VW to buy 16.6% of the capital of the Navistar group that sells International trucks (15% of the US market). The truck maker is among the top seven US truck manufacturers, with Freightliner (Daimler), Kenworth (Paccar), Peterbilt (Paccar), Mack (Volvo Trucks), Volvo Trucks and Western Star (Daimler). Ultimately, VW could take full control of Navistar.
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