Navistar Reports Net Loss in Fiscal Year Q1
Navistar International Corp. reported a net loss and lower revenue for its fiscal first quarter amid lower volumes as the industry continued to transition to a softer freight market.
Navistar Adds Connected Maintenance Feature, Aftermarket Filters
The platform uses a comprehensive, easy-to-use interface to create seamless communication with dealers throughout the service process and supports all-makes fleets.
February 28, 2020Volkswagen's Traton Unit Submits Buyout Offer for Navistar
Navistar International Corp. said it has received an unsolicited buyout offer from its European truck partner Traton SE — which is owned by Germany’s Volkswagen AG — in a $35 per share cash offer.
$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit
A federal judge in Chicago has granted final approval of a $135 million settlement between a court-certified class of an estimated 45,000 plaintiffs and Navistar Inc. in connection with the truck maker’s troubled model year 2011-2014 MaxxForce engines.
Navistar to Cut 1,300 Jobs; Lower Q4 Net Income, Revenue Reported
Navistar International Corp. reported lower net income and revenue in its fiscal year fourth quarter as the industry’s falling demand for heavy-duty trucks was amplified by other corporate factors, including very strong year-earlier chargeouts.
Navistar International Recalls More Than 12,000 Trucks
Navistar Inc. has issued a safety recall for 12,539 International brand trucks that are at risk of unintended movement when the parking brake is in use.
Navistar Creates Electrification Business Unit, Unveils Battery-Electric Prototype
ATLANTA — Navistar announced it is forming a new business unit to support commercial vehicle electrification, and underscored that announcement by unveiling a battery-electric prototype truck Oct. 28 at the 2019 North American Commercial Vehicle Show.
Navistar Strives to Strengthen Ties to Customers
LISLE, Ill. — Service sells trucks, and better service sells more trucks, Navistar executives said during the company’s first investor day since 2015. The original equipment manufacturer is looking to expand its brick-and-mortar footprint as well as online presence to help accomplish this.
Navistar Takes New Path Toward Market Gains
LISLE, Ill. — Navistar International Corp. announced it is pushing into 2020 with plans for a new truck plant, electric trucks and a Class 8 with a Level 2 option, and it will place greater reliance on a single vehicle platform to optimize R&D, parts and tooling.
Navistar to Build Truck Plant in Texas
Navistar Inc. announced it will build a manufacturing facility for Classes 6-8 trucks in San Antonio, signaling it is bullish on the industry’s strength and the company’s ability to increase its market share.
September 23, 2019