German truck manufacturer MAN has expressed interest in acquiring a stake in Navistar.
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The two companies are currently cooperating on developing and producing a new diesel engine for the US.
In an interview with a Swedish newspaper at the end of last week, MAN CEO Hakan Samuelsson said that the company could imagine intensifying the cooperation between the two companies, and this might include a share-holding.
Samuelsson also told MAN’s annual shareholders’ meeting last week that the company was looking for acquisitions to “be more international” and could handle a “large” purchase, according to press reports.
Recently MAN has announced plans to set up a a plant to assemble 15,000 trucks a year in Krakow, Poland, and a joint venture in India with Force Motors.
There is no suggestion in any press reports that actual discussions about MAN taking a shareholding are underway. The two companies are, however, considering extending their current engine cooperation to axles and electronic systems, as well working together to exploit growing overseas markets such as China or India.
Navistar chief executive Daniel Ustian also told Reuters in March that the two companies were considering cooperating to service the military market, but said that an outright merger was not on the cards.
