Standard & Poor’s Rating Services has downgraded Navistar International Corp.’s long-term credit rating, voicing “increased skepticism†toward the truck and engine maker’s efforts to rebuild market share, but two other credit rating firms stood pat with their current assessments.
October 10, 2013Business
Navistar Says Sept. Classes 6-8 Orders Were Highest Since 2011
Navistar Inc. received about 5,900 orders for Classes 6-8 trucks in September, the highest monthly number since 2011, it said in an Oct. 8 statement.
October 9, 2013Business
Navistar Offers $200 Mln. in Convertible Notes
Navistar International Corp. said $200 million of senior subordinated convertible notes have been priced to pay a 4.5% interest rate.
October 8, 2013Business
Navistar Reports 3Q Loss
Navistar International Corp. reported a loss of $247 million in its fiscal third quarter, or $3.06 per share, and said it has started taking orders for the first selective catalytic reduction engine option for medium-duty trucks and school buses.
September 4, 2013Business
Navistar Plans Job Cuts of ‘a Few Hundred’ by Sept.
Truck and engine maker Navistar International Corp. said it plans to cut “a few hundred†jobs companywide by early September in a move to reduce costs.
August 19, 2013Business
Navistar’s Newest Executive ‘Bullish’ About Truck Maker’s Turnaround
Bill Kozek, the new president of the North American truck and parts business for Navistar International Corp., said he now has what he wants: the challenge of turning around a major truck manufacturer.
August 12, 2013Business
Navistar Plans to Cut Jobs
Navistar International Corp. plans to cut “a few hundred†jobs by early September in a move to reduce costs.
August 9, 2013Business
Navistar Begins TranStar Production
Navistar Inc. announced Thursday it has launched production of its International TranStar regional-haul Class 8 tractor, the fifth heavy-duty International model to transition to selective catalytic reduction technology since December.
August 8, 2013Business
Navistar Launches Heavy-Duty WorkStar
Navistar Inc. said Tuesday it has launched its heavy-duty International WorkStar vocational truck, powered by the company’s 13-liter engine with selective catalytic reduction emissions technology.
July 16, 2013Business
Navistar Amends Board Agreement
Navistar International Corp. said Monday it has amended agreements with shareholders Carl Icahn and Mark Rachesky, allowing each to designate two nominees to its board of directors.
July 15, 2013