Navistar International Corp. said Thursday that its fiscal third-quarter profit fell from a year ago and it was reviewing its noncore businesses. It also outlined a cost-reduction plan, including job cuts.
September 6, 2012Business
EPA Raises Navistar Fines
Truck and engine maker Navistar Inc. can continue selling its noncompliant MaxxForce engines using exhaust gas recirculation, but the penalties will be nearly double what was originally proposed, according to an Environmental Protection Agency final rule that went into effect Sept. 5.
September 10, 2012Business
Ustian Departs Navistar; Clarke to Lead Firm’s Shift to SCR Engines
Daniel Ustian last week stepped down and retired as chairman, CEO and president of Navistar International Corp., as the company he helped to build saw its financial fortunes turn after its 13-liter engine failed to comply with federal emissions standards.
September 3, 2012Business
EPA Sets Rule Allowing Navistar to Sell 2010 Engines
Navistar Inc. will once again be able to pay a penalty to sell heavy-duty diesel engines that violate 2010 emissions standards, thanks to a new federal regulation that replaces a previous set of penalties overturned by a court in June.
August 31, 2012Business
White House Clears EPA Rule to Allow Navistar Engine Sales
The White House approved a regulation that could allow Navistar Inc. to resume selling heavy-duty diesel engines that violate 2010 emissions standards while paying a penalty.
August 30, 2012Business
Navistar’s Ustian Steps Down
Navistar International Corp. said Monday that Chairman and CEO Daniel Ustian is retiring effective immediately, and that it has named an interim replacement.
August 27, 2012Business
Navistar Details SCR Strategy for Regaining Market Share
LISLE, Ill. — Navistar International Corp. executives last week revealed their strategy for introducing a refocused product line with different engine emissions control technology in a bid to recapture market share.
August 27, 2012Business
Navistar Gets Approval for China Engine Venture
Chinese government regulators have approved a joint engine-making venture between Navistar International Corp. and Chinese truck maker Anhui Jianghuai Automobile Co. Ltd., Navistar said.
August 23, 2012Business
Navistar Sets Strategy for Revamped Product Line
LISLE, Ill. — Navistar International Corp. executives revealed their new strategy for introducing an updated product line with new emissions equipment, in a bid to recapture market share and counter competitors who have capitalized on stalled regulatory approval of Navistar’s own technology.
August 23, 2012Business
EPA Forwards Rule Affecting Navistar Engines to OMB
The final rule that would allow Navistar International Corp. to sell its emissions-noncompliant 2010 engines while paying fines has been forwarded to the Office of Management and Budget by the Environmental Protection Agency.
August 7, 2012