Volkswagen Management Tumult Spills Over to Truck Subsidiary
Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.
Navistar Appoints Persio Lisboa as New CEO
Navistar International announced that Persio Lisboa will replace Troy Clarke as president and CEO, effective July 1.
Navistar Breaks Ground on San Antonio Truck Plant
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.
Navistar Q2 Results Tumble in Pandemic
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.
Ex-Navistar CEO Daniel Ustian, SEC Reach $500,000 Settlement
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.
Navistar Extends Stoppage at Springfield, Ohio, Truck Plant
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, 2020Navistar Expands Production Suspension; Allison Pauses Work Too
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.
Navistar Reports Net Loss in Fiscal Year Q1
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.
Navistar Adds Connected Maintenance Feature, Aftermarket Filters
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, 2020Volkswagen's Traton Unit Submits Buyout Offer for Navistar
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.