Texas TC
08-22-2008, 10:48 AM
News for the C Class market. After months of speculation that Navistar (International) was going to buy GM medium truck business, this release came out:
FOR RELEASE: 2008-08-20
CONTACTS
GM Statement Regarding Medium Duty Truck Business
Due to significant marketplace and economic changes, GM and Navistar have decided not to renew the memorandum of understanding to purchase GM's medium duty truck business, which has expired. GM will continue to run the medium duty business as it has in the past, including providing sales, service and marketing support to GM dealers for its medium duty trucks.
GM will continue to review strategic options for the business, including continued discussions with Navistar.
FOR RELEASE: 2008-08-20
CONTACTS
GM Statement Regarding Medium Duty Truck Business
Due to significant marketplace and economic changes, GM and Navistar have decided not to renew the memorandum of understanding to purchase GM's medium duty truck business, which has expired. GM will continue to run the medium duty business as it has in the past, including providing sales, service and marketing support to GM dealers for its medium duty trucks.
GM will continue to review strategic options for the business, including continued discussions with Navistar.