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Old 08-22-2008, 10:48 AM   #1
Texas TC
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Join Date: Apr 2007
Posts: 444
Default Navistar talks with GM stall. News for the C Class market.

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.



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