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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowFiat SpA’s announcement yesterday that it is considering buying an American truck manufacturer has caused stock in Illinois-based Navistar International Corp. to leap, according to Bloomberg.
Shares of Navistar, which operates an engine foundry on the eastside, were up as much as 8.7 percent, to $57.85, in over-the-counter trading this morning. The stock increased 10 percent yesterday on the news.
The Italian company is looking to buy a company in coming months to pave the way for its Iveco SpA trucking company to enter the country.
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