Navistar says talks with GM on truck unit advanced

Newswire

CHICAGO, Oct 25 (Reuters) - Navistar International Corp said on Thursday that its talks with General Motors Corp on buying the Detroit automaker's medium truck business could result in a memorandum of understanding between the two companies shortly. In a conference call with reporters to discuss Navistar's restated financial results, Dan Ustian, the Warrenville, Illinois-based truck and engine maker's chief executive, said the two companies had been talking for some time and predicted that ...

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