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When Mack Trucks, Inc. again became a public corporation in 1983 with a public offering of 15.7 million shares of Mack Trucks, Inc. common stock, closer ties had been established with Renault. These ties originated when the two organizations negotiated in 1977 regarding the distribution of a medium-duty diesel truck series in North America and parts of Central America and the Caribbean. Renault and Mack forged a working partnership with the successful introduction of the Mack Mid-Liner series in 1979, studying many of the key issues facing both companies on a global basis.
Renault increases holdings to 40 percent.
Signal holdings reduced to 10.3 percent.
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