Volvo-Scania Is Global Deal
In Stockholm, the business daily Dagens Industri theorized that, having had its way with Scania, Volvo might now try to consummate its long-rumored interest in Navistar International.
Also, Tobias Lefkovich, an analyst with Smith Barney in New York, predicted other manufacturers would now feel more pressure to consolidate.
The chief executive officer of Volvo Trucks North America, Marc Gustafson, agreed.
“There are going to be fewer, and larger, customers,” and that is going to put pressure on manufacturers to improve their cost structures, Gustafson said.
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