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, 2021Navistar to Staff Up at Ohio Plant
Navistar is planning to hire up to 350 additional people at its Springfield, Ohio, assembly plant as it increases production this summer.
Navistar Launches Aftermarket Line for Classes 2-5 Diesel Engines
Navistar International Corp. introduced aftermarket product line Diamond Advantage to provide parts for Class 2-5 diesel engines and engine components.
March 16, 2021Navistar Reports Net Loss in FY Q1, Along With Market Share Gains
Navistar International Corp. reported a fiscal first-quarter net loss as well as a dip in revenue and market share gains for Classes 6-8 vehicles compared with a year earlier.
Navistar Stockholders Approve Merger With Traton SE
Moving one step closer to being acquired, Navistar International Corp. announced stockholders approved Traton SE’s proposal to buy all of Navistar’s outstanding common shares for $44.50 per share in cash, or $3.7 billion.
Navistar Offers Free Warranty on Certain Used LT and RH Models
Navistar International Corp. announced it is offering a free one-year, 100,000-mile factory-backed warranty for engine and aftertreatment systems on its most popular used on-highway vehicles, the LT and RH series, that meet certain criteria.
March 2, 2021International Truck Awarded Sourcewell Contract
Navistar Inc. announced its commercial truck and bus brands, International Truck and IC Bus, as well as its parts business, were each awarded cooperative contracts through Sourcewell.
February 19, 2021