Navistar News Updates

BusinessTechnologyEquipmentLogistics

Navistar Breaks Ground on San Antonio Truck Plant

Navistar International Corp. and local and state officials June 25 celebrated, in a virtual setting, groundbreaking in San Antonio on its most advanced manufacturing facility, a $250 million investment.

June 25, 2020
BusinessEquipment

Navistar Q2 Results Tumble in Pandemic

Navistar International Corp. posted a narrower fiscal second-quarter net loss and about a $1 billion drop in revenue as key business segments and its supply chain were disrupted by the novel coronavirus pandemic.

June 4, 2020
GovernmentBusinessTechnologyEquipment

Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement

The U.S. Securities and Exchange Commission’s yearslong civil court fight with Daniel Ustian has ended with the former Navistar International CEO agreeing to a $500,000 civil penalty and a permanent ban from serving as an officer or director of a public company.

June 2, 2020
BusinessEquipment

Navistar Extends Stoppage at Springfield, Ohio, Truck Plant

Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.

April 20, 2020
GovernmentBusiness

Navistar Expands Production Suspension; Allison Pauses Work Too

Navistar International Corp. announced it is broadening its temporary suspension in manufacturing operations, and Allison Transmission Holdings Inc. announced it has temporarily suspended production at select manufacturing facilities.

April 2, 2020
BusinessEquipment

Navistar Reports Net Loss in Fiscal Year Q1

Navistar International Corp. reported a net loss and lower revenue for its fiscal first quarter amid lower volumes as the industry continued to transition to a softer freight market.

March 4, 2020
BusinessTechnologyEquipment

Navistar Adds Connected Maintenance Feature, Aftermarket Filters

The platform uses a comprehensive, easy-to-use interface to create seamless communication with dealers throughout the service process and supports all-makes fleets.

February 28, 2020
BusinessTechnologyBreaking News

Volkswagen's Traton Unit Submits Buyout Offer for Navistar

Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.

January 30, 2020
GovernmentBusinessTechnologyEquipmentSafety

$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit

A federal judge in Chicago has granted final approval of a $135 million settlement between a court-certified class of an estimated 45,000 plaintiffs and Navistar Inc. in connection with the truck maker’s troubled model year 2011-2014 MaxxForce engines.

January 28, 2020
BusinessEquipment

Navistar to Cut 1,300 Jobs; Lower Q4 Net Income, Revenue Reported

Navistar International Corp. reported lower net income and revenue in its fiscal year fourth quarter as the industry’s falling demand for heavy-duty trucks was amplified by other corporate factors, including very strong year-earlier chargeouts.

December 17, 2019