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
Business, Equipment

Navistar to Cut 1,300 Jobs; Lower Q4 Net Income, Revenue Reported

Navistar grille Nam Y. Huh/Associated Press

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.

Roger Gilroy | Senior Reporter
December 17, 2019
Business, Safety

Navistar International Recalls More Than 12,000 Trucks

WorkStar International WorkStar by International Truck

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.

Eleanor Lamb | Staff Reporter
December 16, 2019
Business, Technology, Equipment

Navistar Creates Electrification Business Unit, Unveils Battery-Electric Prototype

Navistar's electric-powered eMV Series prototype Navistar's electric-powered eMV Series prototype is unveiled at NACV. (John Sommers II for Transport Topics)

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.

Seth Clevenger | Managing Editor, Features
October 29, 2019
Business, Technology

Navistar Strives to Strengthen Ties to Customers

Navistar service center Navistar

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.

Roger Gilroy | Senior Reporter
October 1, 2019
Business, Technology, Equipment, Safety, Autonomous

Navistar Takes New Path Toward Market Gains

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

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.

Roger Gilroy | Senior Reporter
September 24, 2019
Business, Equipment

Navistar to Build Truck Plant in Texas

Navistar International truck Close-up of a Navistar International truck. (Mark Elias/Bloomberg News)

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

Navistar Posts Q3 Revenue Gains as Market Share Rises

Christopher Dilts/Bloomberg News

Navistar International Corp. reported fiscal-year, third-quarter net income fell amid higher revenue and rising market shares.

Roger Gilroy | Senior Reporter
September 4, 2019
Government, Business, Equipment

Navistar Gets Win Over Milan in Engine Suit, but Appeal Ahead

Navistar ProStar A more recent ProStar model by International Truck

The Tennessee Court of Appeals has ruled that Navistar Inc. does not have to pay Tennessee trucking company Milan Supply Chain Solutions an estimated $31 million, reversing a 2017 jury decision.

Eric Miller | Senior Reporter
August 22, 2019