• Volkswagen unit Traton increases offer to buy Carl Icahn-backed Navistar

    Volkswagen unit Traton increases offer to buy Carl Icahn-backed Navistar

    Even as Volkswagen subsidiary Traton revs up its efforts to buy a trucking company linked to billionaire Carl Icahn, sources warn that its merger plans could still easily veer off course. In a press release Thursday, Traton said it increased its offer to buy Navistar — the company behind the International brand of trucks and …
  • Carl Icahn’s feud with former protégé imperils Navistar sale

    Carl Icahn’s feud with former protégé imperils Navistar sale

    Carl Icahn has been squabbling with a former protégé in negotiations to sell a truck-making giant — and investors fret that the tiff could land the deal in a ditch. The 84-year-old billionaire is squaring off against Mark Rachesky — a hard-charging financier who worked for him for six years in the 1990s — over …