Navistar in talks on GM medium truck unit buy

Oct 25, 2007 | 02:48 PM | Philip Burgert

Navistar International Corp., Warrenville, Ill., is in advanced talks with General Motors Corp., Detroit, to buy the automaker's medium truck business, including the right to manufacture GMC and Chevrolet trucks.

Navistar executives disclosed the negotiations in regulator filings for a restatement of three years of results. The company later told investors, analysts and reporters in a briefing that the talks could result in a sale agreement....

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