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Volkswagen AG’s pending acquisition of 16.6% of Navistar International Corp. for $256 million will provide the Lisle, Illinois, truck maker with cash soon and then more efficient procurement and better access to new technology for engines and other applications, Navistar CEO Troy Clarke said in an interview.

Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.

International Truck, a brand of Navistar International Corp., announced that it now offers predictive cruise control technology as an option on its ProStar and LoneStar Class 8 on-highway models to improve fuel efficiency and driver retention.

Navistar International Corp., the parent company of the International truck brand, said it turned its first profit in three years as second quarter 2016 net income reached $4 million, or five cents per diluted share.

The marketing of trucks took a major turn last week as two of the four large truck-making corporations committed to three cycles of the new North American Commercial Vehicle Show, starting with the September 2017 inaugural event in Atlanta.

Momentum for the North American Commercial Vehicle Show in Atlanta grew on May 25 when Navistar International Corp. announced it has committed to the new show for three years — 2017, 2019 and 2021 — and that it definitely will not exhibit on the corporate level at the Mid-America Trucking Show in 2017.

Truck maker Navistar International Corp. posted a smaller quarterly net loss in the fiscal first quarter than in the same period a year earlier, even though revenue also declined.

Truck maker Navistar International Corp. posted a smaller quarterly net loss than the same period a year earlier, even though revenue also declined by 27%.

Navistar International Corp. CEO Troy Clarke is pushing the door open for potential deals as he fights to keep the truck maker’s turnaround on track amid a U.S. sales slump.