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Volkswagen and Navistar close strategic alliance in USD 256 million deal

A strategic alliance was announced on March 1 between Volkswagen Truck & Bus GmbH, which includes the MAN, Scania, Volkswagen Caminhões e Ônibus, and RIO brands, and U.S. commercial vehicle manufacturer Navistar International Corporation.
With the closing of the alliance, Volkswagen Truck & Bus acquired 16.2 million ....

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