VW’s Traton Boosts Bid for Navistar to $3.6 Billion
Navistar International Corp. confirmed that Volkswagen AG’s heavy-truck business boosted its bid to buy the rest of the U.S. manufacturer for $3.6 billion.
Navistar Reports Drop in Fiscal Q3 Earnings
A near 50% decline in truck sales, caused by the impact of COVID-19 on the economy, resulted in Lisle, Ill.-based Navistar International Corp. reporting sharp losses in its fiscal third quarter.
Navistar Joins Effort to Adopt Electric Vehicle Standards
Navistar Inc. joined a global coalition of industrial and automotive businesses pushing to create standards for electric vehicles, the company announced Aug. 20.
August 21, 2020Navistar Locates NEXT eMobility Unit in Michigan
Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.
August 14, 2020Navistar CEO Persio Lisboa Announces Executive Appointments
Navistar International Corp. announced three executive appointments under the leadership of newly named CEO Persio Lisboa, effective immediately.
Cummins, Navistar Extend Engine Partnership
Independent engine maker Cummins Inc. and Navistar International Corp. announced Cummins will be the preferred supplier of Navistar’s medium-duty and heavy-duty big bore engines in its International trucks and IC buses in the U.S. and Canada.
Navistar, TuSimple Partner to Launch Self-Driving Trucks in 2024
Truck and engine maker Navistar International Corp., and TuSimple, a global self-driving technology company, announced July 15 a strategic partnership to co-develop SAE Level 4 self-driving trucks targeted for production by 2024.
Volkswagen Management Tumult Spills Over to Truck Subsidiary
Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.
Navistar Appoints Persio Lisboa as New CEO
Navistar International announced that Persio Lisboa will replace Troy Clarke as president and CEO, effective July 1.
Navistar Breaks Ground on San Antonio Truck Plant
Navistar International Corp. and local and state officials June 25 celebrated, in a virtual setting, groundbreaking in San Antonio on its most advanced manufacturing facility, a $250 million investment.