# Volkswagen Truck & Bus acquires 16.6% stake in Navistar for $256 million

Volkswagen Truck & Bus GmbH acquired a 16.6% stake in Navistar International Corporation for $256 million, forming a strategic alliance with a purchasing joint venture.

- Type: Acquisition
- Announced: 2017-02-28
- Where: United States
- Value: $256.0M
- Status: completed
- Products: commercial vehicles, trucks
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Volkswagen Truck & Bus GmbH](https://endata.com/companies/22527.md) (acquirer)
- [Navistar International Corporation](https://endata.com/companies/22528.md) (target)

## Sources

- [volkswagen-group.com](https://www.volkswagen-group.com/en/press-releases/green-light-for-strategic-alliance-between-volkswagen-truck-and-bus-and-navistar-16497), 2017-02-28: "The authorities have given our strategic alliance with Navistar the green light."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.