Navistar Agrees to Pay $52 Million Civil Penalty for Sale of Certain 2010 Engines
Navistar Inc. has agreed to a civil settlement with the U.S. Department of Justice under which the manufacturer will pay a $52 million penalty but admit no wrongdoing in connection with the sale of 7,749 heavy-duty diesel engines in 2010 that the government alleged were sold in violation of the Clean Air Act.
Traton Group Reports Higher Net Income, Revenue
Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.
Navistar, In-Charge Energy Focus on Carbon Neutral Electricity
Navistar and In-Charge Energy announced their partnership can now power electric vehicle fleet customers with carbon neutral electricity through their EV charging infrastructure.
October 26, 2021Navistar Launches Redesigned International MV Series
Navistar Inc. announced the launch of the redesigned International MV Series, calling it a reimagining of its Classes 6-7 vocational vehicle that focuses on increased maneuverability, visibility and safety.
Fleetrite Expands Dealer Footprint
Navistar Inc. announced that Fleetrite truck parts, its aftermarket brand of components for various makes and models of trucks and buses, opened locations in Nevada, North Carolina, Pennsylvania and Texas.
September 10, 2021Traton Names New Navistar CEO, CFO; Fills Other Key Posts
Traton SE, whose purchase of Navistar International Corp. closed in July, announced a new CEO and chief financial officer for the American truck maker as it added executives who played key roles in the merger.
Navistar Merges With Traton Group in $3.7 Billion Deal
Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017.
Navistar, Traton SE Merger Set to Take Effect
Navistar International Corp. announced it received all regulatory approvals necessary to proceed with the previously announced merger with Dusk Inc., a wholly owned indirect subsidiary of Traton SE. The deal is expected to close today.
June 30, 2021Navistar Posts Surge in Fiscal Q2 Net Income
Navistar International Corp., the parent company of International brand trucks, reported a surge in net income and increased revenue for its fiscal second quarter as truck orders rose and it increased production.
International LT, LoneStar Models to Accept OTA Upgrades for Cummins X15 Engines
Navistar International Corp. announced the upcoming availability of Cummins’ connected software updates and programmable trim parameters through its OnCommand Connection portal.
May 25, 2021