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Volkswagen to buy stake in Navistar

Volkswagen has agreed a deal to buy a 16.6 per cent stake in US truck-maker Navistar.
      
The agreement gives the German car manufacturer a foothold in the US truck market and Navistar, a source for new engines for its fleet of vehicles. 
     
Volkswagen will pay $15.76 for each of 16.2 million new company shares - 12% above Friday's closing price.


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