ANALYSIS - VW revs up its global CV ambitions with Navistar deal

Volkswagen's intent to acquire a 16.6% (post dilution) stake in Lisle, Illinois-based Navistar, coupled with a strategic technology and supply cooperation and the establishment of a purchasing joint venture represents a significant step forward for the German company's global ambitions, ambitions that have so far been tempered by a lack of presence in the North American heavy truck sector.