Navistar International Corp. reported growth in net income, with a 39.2% increase in profit for its fiscal fourth quarter. The Lisle-Ill.-based original equipment manufacturer said 2018 was a strong year for the trucking industry and a “breakout year†for the company.
December 18, 2018Government, Business, Equipment
Cerberus to Acquire 70% Interest in Navistar Defense
Cerberus Capital Management, an investment firm specializing in credit, private equity and real estate, will acquire 70% interest in Navistar Defense, according to a Dec. 3 press release.
December 4, 2018Business, Technology
Economies of Scale Seen as a Benefit From Navistar-Traton Alliance
HANOVER, Germany — The partnership Navistar International has entered with Traton Group is opening up opportunities for economies of scale with procurement and technology development, Navistar executives said here during the IAA Commercial Vehicles show.
September 21, 2018Business, Equipment, Logistics, TCA
Wheeler Trucking to Add 70 Jobs After Securing GM Contract
SPRINGFIELD, Ohio — A trucking firm with a growing presence in Springfield is planning to add close to 70 new jobs after securing a contract with GM as the sole firm to haul new medium-duty trucks being produced at Navistar’s Springfield facility.
September 18, 2018Business, Equipment
Navistar’s Net Income, 3Q Revenue Surge on Market Enthusiasm for Trucks, Engines
Navistar International Corp. reported a surge in net income and an 18% increase in revenue for its fiscal year third quarter, citing the market’s enthusiasm for its latest truck and engine products, and expressed confidence that current market conditions would continue into the first half of 2019 — and possibly beyond.
September 6, 2018Business, Equipment
Navistar Appoints VW Truck & Bus Executive Christian Schulz to Board
Truck maker Navistar International Corp. appointed Christian Schulz to its board of directors, effective immediately.
August 15, 2018Business
Jeff Sass Leaves Navistar
Jeff Sass — who was most recently senior vice president, North America Truck Sales, Navistar Inc. — has left the company to pursue other opportunities, Transport Topics has learned.
July 13, 2018Business, Equipment
Navistar Posts 2Q Profit
Truck and engine manufacturer Navistar International Corp. reported net income of $55 million, or 55 cents per diluted share, for the second quarter of 2018, rebounding from a net loss of $80 million, or 86 cents, in the year-ago period, the company announced
June 6, 2018Business, Equipment
Navistar Sees Market Share Gains as VW Considers Stronger Links
Navistar International Corp. is pivoting from a largely complete turnaround effort to seeking greater share in a robust U.S. truck market, potentially paving the way for closer ties or even a merger with alliance partner Volkswagen AG.
June 4, 2018Business, Technology
International Launches Industry Forum
International Truck, a unit of Navistar Inc., announced it is creating an industry forum, UPNEXT, to discuss emerging trends and topics that are driving industry change.
May 18, 2018