The truck making world will soon have a new kid on the block. Fully embracing an alliance begun in 2017, the boards of directors at Traton SE and Navistar International approved over the weekend a definitive agreement to merge. The merger is subject to Navistar shareholder approval, but major shareholders in that company have already agreed to vote their shares in favor of the transaction. The deal is expected to close in mid-2021, and when it does, company officials say the new entity will have an enhanced ability to meet the demands of new regulations and rapidly emerging technologies for connectivity, propulsion and autonomous driving for customers globally.

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