VW to Buy Navistar Stake
German automotive manufacturer Volkswagen AG is expanding its Truck & Bus division into the U.S. market by acquiring a stake in Navistar International Corp., a deal that also provides Navistar with more efficient procurement and better access to new technology for engines and other applications.
Navistar’s Clarke Reports Progress in Overcoming Past Engine Woes
LISLE, Illinois — Last week’s Volkswagen-Navistar deal was announced just before the maker of International Trucks reported quarterly earnings showing there is progress, albeit rocky, in recovering from what one of its executives called, “the sins of the past” — the 2010-2012 miscalculation on engine technology.
Navistar Posts Loss of $34 Million in Third Fiscal Quarter
The net loss at truck maker Navistar International Corp. accelerated from the company’s previous fiscal third quarter as revenue dropped 18%, year-over-year, due to anemic North American heavy-duty truck sales.
Navistar’s Clarke Touts Deal With Volkswagen
Volkswagen AG’s pending acquisition of 16.6% of Navistar International Corp. for $256 million will provide the Lisle, Illinois, truck maker with cash soon and then more efficient procurement and better access to new technology for engines and other applications, Navistar CEO Troy Clarke said in an interview.
Navistar, Volkswagen Agree on Strategic Alliance
Navistar International Corp. and Volkswagen AG’s truck unit announced a strategic alliance that includes a $256 million investment by the German vehicle maker in Navistar as well as planned joint development of powertrain, procurement and other collaborative efforts.
September 5, 2016International Introduces Predictive Cruise Control for ProStar, LoneStar Models
International Truck, a brand of Navistar International Corp., announced that it now offers predictive cruise control technology as an option on its ProStar and LoneStar Class 8 on-highway models to improve fuel efficiency and driver retention.
First Profit for Navistar Since 2012
Truck and engine manufacturer Navistar International Corp. reported its first profit since the fiscal third quarter of 2012.
Navistar Reports First Profit in Three Years
Navistar International Corp., the parent company of the International truck brand, said it turned its first profit in three years as second quarter 2016 net income reached $4 million, or five cents per diluted share.
June 7, 2016Inaugural Atlanta Truck Show Lands DTNA, Navistar for 2017
The marketing of trucks took a major turn last week as two of the four large truck-making corporations committed to three cycles of the new North American Commercial Vehicle Show, starting with the September 2017 inaugural event in Atlanta.
Navistar Jumps on NACV Bandwagon for September 2017
Momentum for the North American Commercial Vehicle Show in Atlanta grew on May 25 when Navistar International Corp. announced it has committed to the new show for three years — 2017, 2019 and 2021 — and that it definitely will not exhibit on the corporate level at the Mid-America Trucking Show in 2017.