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Volkswagen and Navistar Partner on New Electric Truck for 2019

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The pair competes alongside Nikola, Tesla and others to create an electric semi.

Executives from the companies said they would jointly produce a new medium-duty truck powered by batteries by the end of 2019, according to Reuters. They also said they would be manufacturing next-gen “big bore” diesels.

The two joined forces last year when Volkswagen took a 16.6 percent stake in Illinois-based Navistar. Executives said they expect the pairing will save $500 million in development costs during the first five years of the union.

Read the full story at thedetroitbureau.com.

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