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Stock impact report

VW truck chief gears up for 'next level' after step toward IPO [MSN Money]

Navistar Intl Corp (NAV) 
Last navistar intl corp earnings: 3/4 06:25 am Check Earnings Report
US:NYSE Investor Relations: navistar.com/navistar/investors
Company Research Source: MSN Money
© Bloomberg Andreas Renschler (Bloomberg) -- Volkswagen AG’s trucks chief wants to take his division to the next level, with the German manufacturer considering a stock listing that would catapult the $37-billion unit into the blue chip ranks of Europe’s largest economy. Quotes in the article An initial public offering is just one of the options, another is that we could issue our own bonds,” Andreas Renschler, who oversees the Scania and MAN truck brands, said in an interview at the company’s headquarters in Wolfsburg. It’s ultimately a decision for our shareholders. The world’s largest automaker unveiled a sweeping overhaul on Thursday that included naming Herbert Diess as its new Chief Executive Officer. In the deepest revamp since the diesel-emissions scandal, key stakeholders also agreed to ready the trucks unit for potential access to capital markets. Changing the unit’s legal status into a stock corporation will help us avoid “wasting Show less Read more
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