Business, Breaking News

Navistar Appoints Persio Lisboa as New CEO

Persio Lisboa at an industry event Persio Lisboa speaks at the 2017 North America Commercial Vehicle Show in Atlanta. (John Sommers II for Transport Topics)

Navistar International announced that Persio Lisboa will replace Troy Clarke as president and CEO, effective July 1.

Joe Howard | Executive Editor
June 26, 2020
Business, Technology, Equipment, Logistics

Navistar Breaks Ground on San Antonio Truck Plant

Clarke Navistar's Chairman and CEO Troy Clarke speaks at the virtual event. (San Antonio Economic Development Foundation via YouTube)

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.

Roger Gilroy | Senior Reporter
June 25, 2020
Business, Equipment

Navistar Q2 Results Tumble in Pandemic

Navistar HQ Navistar headquarters in Lisle, Ill. (Christopher Dilts/Bloomberg)

Navistar International Corp. posted a narrower fiscal second-quarter net loss and about a $1 billion drop in revenue as key business segments and its supply chain were disrupted by the novel coronavirus pandemic.

Roger Gilroy | Senior Reporter
June 4, 2020
Government, Business, Technology, Equipment

Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement

Daniel Ustian Daniel Ustian in 2011 by J. Scott Applewhite/AP

The U.S. Securities and Exchange Commission’s yearslong civil court fight with Daniel Ustian has ended with the former Navistar International CEO agreeing to a $500,000 civil penalty and a permanent ban from serving as an officer or director of a public company.

Eric Miller | Senior Reporter
June 2, 2020
Business, Equipment

Navistar Extends Stoppage at Springfield, Ohio, Truck Plant

Navistar plant in Springfield, Ohio A cab on the assembly line at the Navistar plant in Springfield, Ohio. (Navistar)

Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.

April 20, 2020
Government, Business

Navistar Expands Production Suspension; Allison Pauses Work Too

Navistar, Allison logos

Navistar International Corp. announced it is broadening its temporary suspension in manufacturing operations, and Allison Transmission Holdings Inc. announced it has temporarily suspended production at select manufacturing facilities.

Roger Gilroy | Senior Reporter
April 2, 2020
Business, Equipment

Navistar Reports Net Loss in Fiscal Year Q1

International logo on truck Nam Y. Huh/Associated Press

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.

Roger Gilroy | Senior Reporter
March 4, 2020
Business, Technology, Equipment

Navistar Adds Connected Maintenance Feature, Aftermarket Filters

Navistar HQ Navistar headquarters in Lisle, Ill. (Navistar)

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, 2020
Business, Technology, Breaking News

Volkswagen's Traton Unit Submits Buyout Offer for Navistar

The Navistar-Traton booth at IAA The Navistar/Traton SE booth at IAA in 2018. (Joe Howard/Transport Topics)

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.

Joe Howard | Executive Editor
January 30, 2020
Government, Business, Technology, Equipment, Safety

$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit

Navistar MaxxForce engine A Navistar MaxxForce engine is displayed at an industry show in 2012. (John Sommers II for Transport Topics)

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.

Eric Miller | Senior Reporter
January 28, 2020