Navistar International Corporation

Tupy S.A. announced an agreement to acquire MWM do Brazil, a wholly owned indirect subsidiary of Navistar International Corporation (a TRATON SE subsidiary), to extend services including machining, assembly, and engineering, and enter new sectors such as energy and decarbonization.

TRATON SE and Navistar International Corporation entered into a definitive merger agreement for TRATON to acquire all outstanding shares of Navistar not already owned at $44.50 per share in cash. TRATON currently owns 16.7% of Navistar.

Navistar announced a $125 million expansion of its Huntsville, Alabama engine plant, adding 145 jobs over three years. The factory will produce a new truck powertrain developed with TRATON.

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.