By on April 13, 2018

hino truck assembly

Volkswagen AG and Toyota Motor Corp are forming a truck-based alliance, allegedly to cut R&D costs. While the two automakers joust for the title of biggest in the world, their trucking arms must have had a rough 2017 to necessitate an alliance solely on the grounds to limit development expenditures… right?

Not exactly. Volkswagen Truck & Bus actually had a really good year. Strong sales pushed revenues up 12.1 percent, and operating profits before special items increased by 26.8 percent (for over $2.41 billion). Meanwhile, Toyota’s Hino saw operating profits improve by 21.5 percent. So why bother with the alliance of both truck builders saw strong returns based on their respective sizes? (Read More…)

By on October 12, 2017

Volkswagen Truck & Bus launching trial projects for digital truck platoons

Having already dropped itself into an ocean of electric car R&D, Volkswagen is now making plans to develop battery-powered commercial vehicles aimed at servicing urban areas where public officials are having night terrors about air quality.

Jürgen Stackmann, VW’s board member responsible for sales and marketing, promised the company would be at “full steam” on EV production and development by 2020. That includes a battery-only option for “all styles and body types” by 2030, according to Stackmann. But the brand wants to have something similar on the table for trucks and buses before then.

Volkswagen Truck & Bus is investing 1.4 billion euros ($1.7 billion) into new electric drivetrains for use in both medium and heavy-duty distribution transport and city buses. While that development will go toward European vehicles initially, VW and strategic partner Navistar will use the “e-drivetrain” platform on U.S.-based electric trucks from 2019 onwards.  (Read More…)

By on September 6, 2016

Navistar TransStar

Volkswagen’s commercial vehicles division is eager to enter the U.S. heavy truck market, and it just found a partner to help pull it off.

Volkswagen Truck & Bus has announced it will buy a 16.6 percent stake in U.S. truck maker Navistar International Corp., a share buy worth $256 million. Both companies hope to save money (and make more of it) through the technology-sharing deal, with joint products on the horizon. (Read More…)

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