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Stock Market & Financial Investment News

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December 18, 2012
05:09 EDTNAVManhindra acquires Navistar's stake in India joint ventures for $33M
Mahindra & Mahindra and Navistar International announced that Mahindra intends to purchase Navistar Group's stake in Mahindra Navistar Automotives and Mahindra Navistar Engines. Mahindra would take complete ownership of operations and continue to sell MNEPL and MNAL products. The sale is expected to be completed in early 2013. The terms of the proposed transaction call for Mahindra to pay approximately $33M for Navistar Group's stake in both ventures. The agreement allows Navistar to continue sourcing components from India while Mahindra would continue to provide engineering services to Navistar. Navistar group would continue to support M&M through a license agreement and extend necessary support to MNAL and MNEPL for the purposes of business continuity.
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August 21, 2014
07:18 EDTNAVJuly Class 8 sales rose 16% year-over-year, says JPMorgan
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