VW to Roll Out Electric Trucks, Buses in $1.7 Billion Project [Bloomberg Business News]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
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Source: Bloomberg Business News
Volkswagen AG is flanking its push into electric cars with plans to roll out battery-powered commercial vehicles targeted at urban areas as growing public concerns about air quality boost demand. The Volkswagen Truck & Bus division will invest 1.4 billion euros ($1.7 billion) in new technology including electric drivetrains, autonomous systems and cloud-based software, Andreas Renschler, head of the unit, said Wednesday in an interview in Hamburg. The German company’s U.S. affiliate Navistar International Corp. will adopt some of the systems, while the carmaker’s MAN and Scania nameplates will both deliver wholly electric buses next year to European cities, adding to bio-diesel, hybrid systems and natural-gas line-ups. Andreas Renschler Photographer: Krisztian Bocsi/Bloomberg “We believe in a wide range of alternative powertrains and fuels, depending on local availability, social and local demand and customer requirements,” Renschler said at a press event. “The
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