Navistar

Business, Technology, Equipment, Fuel, Autonomous

Analysts View Traton, Navistar Deal as Win-Win

An International truck Navistar reported a near 50% decline in truck sales in the third quarter. (Navistar)

Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.

Roger Gilroy | Senior Reporter
October 20, 2020
Business, Technology, Equipment

Traton, Navistar Reach Agreement on $3.7 Billion Buyout

Navistar Navistar International Corp.

Traton SE announced Oct. 16 it had agreed to Navistar International Corp.’s condition of a per-share price of $44.50 and will acquire all shares it does not already own as part of a $3.7 billion purchase of the U.S. truck maker.

Roger Gilroy | Senior Reporter
October 16, 2020
Business

VW’s Traton Unit Sets Deadline for Navistar to Accept Offer

A Navistar International HX Series truck sits at the company's headquarters in Illinois. A Navistar International HX Series truck sits at the company's headquarters in Illinois. (Christopher Dilts/Bloomberg News)

Volkswagen AG’s heavy-truck division set a deadline for Navistar International Corp. to accept its takeover bid, ratcheting up pressure on the U.S. manufacturer to decide on a $3.6 billion deal.

Christoph Rauwald | Bloomberg News
October 14, 2020
Business, Technology, Equipment

VW’s Traton Boosts Bid for Navistar to $3.6 Billion

VW's Traton increased its bid for Navistar. International trucks are parked in a lot outside the Navistar facility in Melrose Park, Ill. (Scott Olson/Getty Images)

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.

Dan Ronan | Associate News Editor
September 10, 2020
Business, Technology, Equipment

Navistar Reports Drop in Fiscal Q3 Earnings

Navistar Navistar International Corp.

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.

Dan Ronan | Associate News Editor
September 9, 2020
Business, Technology, Fuel

Navistar Joins Effort to Adopt Electric Vehicle Standards

Navistar Navistar's headquarters in Lisle, Ill. (Christopher Dilts/Bloomberg News)

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, 2020
Business, Technology, Equipment, Fuel

Navistar Locates NEXT eMobility Unit in Michigan

Navistar NEXT building The new Navistar NEXT eMobility business unit facility in Rochester Hills, Mich. (Navistar)

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

August 14, 2020
Business, Equipment

Navistar CEO Persio Lisboa Announces Executive Appointments

Persio Lisboa, CEO of Navistar Navistar CEO Persio Lisboa by John Sommers II for Transport Topics

Navistar International Corp. announced three executive appointments under the leadership of newly named CEO Persio Lisboa, effective immediately.

Roger Gilroy | Senior Reporter
August 13, 2020
Business, Equipment

Cummins, Navistar Extend Engine Partnership

Cummins-International International grille by Mark Elias/Bloomberg News; Cumminx X-15 by John Sommers II for Transport Topics

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.

Roger Gilroy | Senior Reporter
August 11, 2020
Business, Technology, Autonomous

Navistar, TuSimple Partner to Launch Self-Driving Trucks in 2024

TuSimple  truck TuSimple

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.

Roger Gilroy | Senior Reporter
July 15, 2020

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