It looks like Navistar, maker of International trucks, has had second thoughts about acquiring the General's medium- heavy-duty truck operations. They apparently had a non-binding letter of agreement with a time limit which has expired.
"Significant marketplace and economic changes" are to blame, so say GM and Navistar.
Frankly I thought it was was an odd fit from the get-go, as the GM trucks would compete head-to-head with those trucks from International. Then again, Freightliner did okay when they took over Ford's heavy-duty trucks, and re-badged them as Sterling trucks.
Full story here, here and here.
Here's AutoObserver's take: GM: Selling Assets to Raise Cash May Prove Tough
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