Volkswagen Group-owned Traton, a truck manufacturer, completed the merger with US truck maker Navistar International in a $3.9bn deal. "Today is a sensational day for the TRATON GROUP and for our new colleagues at Navistar joining the global TRATON family. From this day on, we will be working side by side to bring sustainable transportation of the future one step closer. This is something the entire group is looking forward to. The fact that this merger has been implemented so quickly and smoothly, despite the obstacles presented by the COVID-19 pandemic, is testament to the impressive team work on both sides of the Atlantic. I would like to thank each and every one involved," Matthias Gründler, TRATON CEO. October 16, 2020: Traton had agreed to sweeten its $43 per share takeover bid for US truck maker Navistar International to $44.5.