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Volkswagen is interested in buying Navistar

Photo: Timothy A. Clary/AFP/Getty Images

Volkswagen said Monday morning that it's considering a full takeover offer for Illinois-based truck-maker Navistar International, in which VW already holds 16.9% stake.

Why it's a big deal: Because VW has been prepping a 2019 IPO for its trucks unit, and this disclosure suggests a continuation of that plan under new CEO Herbert Diess (who got the job just last week).