Navistar CEO Cites Gains
Nearly two years into the rebuilding of Navistar International Corp., CEO Troy Clarke has slashed expenses, reduced employment rolls, closed unnecessary divisions and streamlined purchasing and production in order to return the original equipment manufacturer to profitability.
July 14, 2014Clarke Says More Work to Be Done Restructuring Navistar
WASHINGTON — Nearly two years into the rebuilding of Navistar International Corp., CEO Troy Clarke has slashed expenses, reduced employment rolls, closed unnecessary divisions and streamlined purchasing and production in order to return the original equipment manufacturer to profitability, adding that he and his managers still have more ground to cover.
Navistar Amends Stockholder Plan
Navistar International Corp. said last week that it amended its stockholder rights plan in order to discourage any person or group from obtaining 5% ownership, a move intended to protect the long-term value of its tax assets.
June 30, 2014Navistar Sets Tax Asset-Protection Plan
Navistar International Corp. has amended its stockholder rights plan, essentially turning it into a tax asset-protection plan that guards the long-term value of the original equipment manufacturer’s tax assets.
Navistar Cuts 2Q Loss; Market Share Increases
Navistar International Corp. narrowed its losses in the fiscal second-quarter from a year ago as its heavy-duty truck orders and market share improved, the company reported June 5.
June 9, 2014Navistar’s 2Q Loss Declines; Revenue Improves
Navistar International Corp. announced June 5 that its fiscal second-quarter loss narrowed from a year ago as its Class 8 truck orders and market share improved.
Navistar, Swift Set Test Program to Boost Fuel Economy
Navistar Inc. and Swift Transportation Co. announced a joint pilot program designed to maximize trucks’ fuel economy.
May 19, 2014Navistar Completes Record Truck Sale to Celadon
Navistar Inc. said it has completed the sale of about 500 International LoneStar trucks to Celadon Trucking Services, its largest one-time sale of the truck.
May 8, 2014Navistar to Boost 2H Production at Mexico Truck Plant
Navistar International Corp. plans to boost production rates in the second half of the year at its heavy-duty truck assembly plant in Escobedo, Mexico, and its bus assembly plant in Tulsa, Okla.
April 24, 2014Navistar Shows Telematics Solution, Sees Industry Growth
LOUISVILLE, Ky. — Navistar International Corp. showcased its OnCommand Connection telematics software as the truck maker reported continued strength in orders.