Navistar Overhauls Lineup of Products and Executives
The extensive overhaul of Navistar’s product and corporate lineup continued last week as top sales executive Jim Hebe retired, more details emerged about new models, and the company agreed to replace three directors to avoid a proxy battle.
October 15, 2012Navistar Announces Hebe’s Retirement, Production Plans
Navistar International Corp. this week announced the retirement of well-known executive Jim Hebe, the appointment of new board members and outlined a plan for full production of trucks with Cummins ISX engines at the start of next year.
October 8, 2012Navistar May Close Plants, New CEO Campell Says
Navistar International Corp. is considering possible plant closures as new CEO Lewis Campbell looks to cut costs and restore profitability at the struggling truck maker.
October 8, 2012Navistar May Close Plants, New CEO Says
Navistar International Corp. may close some of its North American plants as new CEO Lewis Campbell looks to cut costs and restore profitability at the truck and engine maker.
October 5, 2012Hebe Defends Navistar’s Decision on EGR
TOOELE, Utah — Navistar’s choice of exhaust gas recirculation over selective catalytic reduction to comply with U.S. emissions rules failed not because of the technology, but because the company had no partners in the effort, said Jim Hebe, Navistar’s senior vice president for North America Sales Operations.
October 1, 2012No Plans to Acquire Navistar, Volkswagen Officials Say
HANOVER, Germany — The new truck-making powerhouse in Europe headed by Volkswagen AG is unlikely to make a play to acquire U.S.-based Navistar International Corp., according to interviews with company officials and others.
September 24, 2012Icahn Urges Navistar Board to Let Shareholders Appoint Board Members
Carl Icahn, billionaire investor, is asking Navistar International to let shareholders appoint at least four board members, so that stockholders can have more of a say in the decision-making process, the Associated Press reported.
September 10, 2012Navistar Reports 3Q Loss; New Leaders Outline Plans
In their second week in charge, the new management team at Navistar International Corp. reported a quarterly loss for the three months ended July 31 and laid out plans for a return to financial health in the wake of the company’s recent change in its truck engine emissions strategy.
September 10, 2012EPA Raises Navistar Fines
Truck and engine maker Navistar Inc. can continue selling its noncompliant MaxxForce engines using exhaust gas recirculation, but the penalties will be nearly double what was originally proposed, according to an Environmental Protection Agency final rule that went into effect Sept. 5.
September 10, 2012Navistar Reports Lower 3Q Profit, Will Review Noncore Business Units
Navistar International Corp. said Thursday that its fiscal third-quarter profit fell from a year ago and it was reviewing its noncore businesses. It also outlined a cost-reduction plan, including job cuts.
September 6, 2012