Navistar partners with Brazilian bus manufacturer

PRNewswire

LISLE — Navistar announced it has entered a global commercial bus partnership with Brazilian commercial bus body manufacturer San Marino Onibus e Implementos Ltda.

With its investment, Navistar will leverage the bus body building expertise of Neobus and Navistar’s strengths in powertrain and chassis development, the company said in a release.

“Our investment in Neobus, one of the most respected Brazilian bus body manufacturers, allows us to leverage our experience in building integrated buses for the U.S. and Canada market with the bus body building expertise of Neobus,” said John McKinney, President Navistar Global Bus. “Working together, we can bring value to customers with an integrated solution for commercial bus markets in South America and North America.”

Waldey Sanchez, president of Navistar’s South American Operations Group, added the partnership “confirms Navistar’s commitment to the region and expands its presence in the Brazilian automotive industry.”

Both companies have recently signed a nonbinding agreement and negotiations are at an advanced stage. Finalization and execution of the binding Definitive Agreements are expected in the near future.