Volkswagen wants to enter the US card market to purchase shares in Vestal
According to the German version of the Financial Times, Volkswagen is considering whether to buy shares in American truck manufacturer Navistar and aims to narrow the gap with rival Daimler.
According to reports, Volkswagen’s entry into the US truck market through Navistar will help it compete better with Daimler. Currently Daimler is the world's largest truck manufacturer and owns Freightliner, an American truck brand.
However, for this report, a spokesman for the public declined to comment.
If the general public wants to buy Navistar’s equity, it will have to make an agreement with the aggressive investor Carl Icahn. As early as the end of 2011 and early 2012, Carl Icahn had advocated the merger of Navistar with Oshkosh Corp, another US heavy truck manufacturer.
Currently, Volkswagen owns two truck manufacturers, Scania and Man. However, neither truck brand has entered the US market. Man is mainly active in Europe, Brazil and other emerging markets.
In addition, industry insiders pointed out: "Europe trucks are not so much about engine construction as they are centered on car cabins. It is therefore difficult to form a synergy with an American truck manufacturer. However, if the public can complete the acquisition, in addition to controlling the International brand In addition, it can also control the distribution network in the United States to a certain extent."
At present, the American truck market is largely divided by the Freightliner of Daimler, Volvo Mack, International of Navistar, Kenworth of Paccar, and Peterbilt. If Volkswagen and Navistar are successfully aligned, then Volkswagen will take the opportunity to enter the US market, share a share with the above truck manufacturers, and expand its market segment in the United States.
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