kscarbel2 Posted August 4, 2017 Share Posted August 4, 2017 Heavy Duty Trucking / August 3, 2017 Volkswagen has quietly purchased a significant number of shares in Navistar International Corporation, parent company of International Truck and Engine, during the month of July, according to reports in various international financial news sources. Volkswagen has been a major shareholder in International since purchasing a $250 million stake in the Lisle, Ill., company in September of last year and the two companies have collaborated on diesel engine technology for commercial trucks for over a decade. According to a report in the financial journal Week Herald, Volkswagen acquired 43,501 shares of International stock on Monday, July 17th at an average price of $29.25 per share, for a total transaction of $1,272,404.25. That transaction was followed closely by four additional Navistar stock purchases by Volkswagen in July, ultimately netting the German car and truck manufacturer an additional 341,663 shares in the company for approximately $9,991,085. All told, Volkswagen invested approximately $11,263,489 in Navistar International stock last month. According to additional reporting by the United Kingdom’s Press Herald, as of July 21, 2017, Volkswagen owns approximately 16.4 million shares of Navistar International stock, which is approximately 17% of the company’s overall market capitalization. . Quote Link to comment Share on other sites More sharing options...
james j neiweem Posted August 4, 2017 Share Posted August 4, 2017 There goes Europe again one slice of bologna at a time. Quote Link to comment Share on other sites More sharing options...
nwfs600 Posted August 5, 2017 Share Posted August 5, 2017 Cheap and easy dealer network purchase. VW should have bought them before they put Cummins back in. Quote Link to comment Share on other sites More sharing options...
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