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Tag: Navistar International
Class 7-8
Volkswagen truck unit Traton offers to buy Navistar International for $2.9B cash
In a move that sent the stock price of International Trucks parent company Navistar soaring in after-hours trading, the global truck unit of Volkswagen has made an unsolicited cash offer to buy Navistar International Corporation for $35 a share. Navistar confirmed in a statement that the offer has been made and that it has yet […]
February 5, 2020
Class 7-8
Heavy-truck market settles down as technology advances ramp up
After the huge backlogs and massive sales numbers in recent years, the truck market has returned to calmer days. But calm isn’t stagnant, as ongoing changes to technology and market conditions clearly demonstrate. A return to normalcy Perhaps the best news for those seeking to invest in new trucks is that the lead time […]
December 31, 2019
Business
Navistar sued by federal government for withholding documents from investigation
The Securities and Exchange Commission filed in December a lawsuit against Navistar International Corp. claiming the truck and engine maker improperly redacted and withheld documents the Commission attempted to subpoena. The subpoenas are part of an SEC investigation into whether Navistar violated federal securities laws “by making false or misleading statements or material omissions” regarding […]
March 23, 2015
Construction Equipment
First and 10 at the 50: Where things stand with Navistar
If you follow me on Twitter, you know I spent a day this week at Navistar’s Financial Meeting, where the company explained to Wall Street analysts and trucking journalists how things are going these days. The company just wrapped up year two of its urgent turn-around program, instituted after its Exhaust Gas Recirculation-only (EGR) emissions strategy failed to […]
February 10, 2015
Construction Equipment
Navistar adds Cummins ISB engine as SCR solution for International DuraStar medium-duty trucks
During a Tuesday afternoon press conference, Navistar announced that it has expanded its medium-duty engine offerings to include the Cummins ISB 6.7-liter engine. The Cummins engine will be available for International DuraStar medium-duty trucks and IC Bus CE Series school buses. The move makes the DuraStar trucks and CE Series school buses Navistar’s first medium-duty […]
September 3, 2013
Construction Equipment
Navistar promotes Jack Allen to COO
Navistar recently announced that it has named Jack Allen as its new executive vice president and Chief Operating Officer. Allen will fill the role Troy Clarke vacated at the beginning of March when he took over as the company’s President and Chief Executive Officer. Effective immediately, the move promotes Allen from his prior position as […]
April 22, 2013
Business
Hebe leaves his mark on an industry he loved
Love him, or hate him, there’s no disputing the fact that Jim Hebe has been one of the prime movers in the North American trucking industry for 20 years now. His brash personality matched the bold business moves he made both as president of Freightliner Trucks and more recently in his role at Navistar. His […]
October 8, 2012
Equipment
Where does MaxxForce transition leave Cat truck?
Navistar‘s new approach to meeting 2010 EPA emissions standards, which partly involves Cummins engines and after-treatment, raises that very question about Caterpillar’s CT vocational trucks and its partnership with Navistar. The CT series, unveiled in 2010, comes with available engine options of CT11, CT13 and CT15, all three of which are Navistar MaxxForce engines that […]
September 18, 2012
Roadbuilding
Highway Contractor
Achieving the high production/quality double on I-10; County Road F gets an “A”; taking out the cracks.
August 5, 2012
Business
Machine Matters
Calling on Construction Established and new players alike take aim at the vocational truck market. By Mike Anderson While there may be a new brand in the heavy-duty construction truck business, established players are intent on keeping their strong positions in the vocational market, currently about one-third of all Class 8 trucks made. All […]
November 1, 2011
Business
Icahn buys 9.8% of Navistar
Investor Carl Icahn’s purchase of 9.8 percent of Navistar International shares this month sparked market speculation, especially after buying 9.5 percent of truck maker Oshkosh in June. Icahn, estimated by Forbes magazine at a net worth of $13 billion, bought both stocks because of undervalued shares. He discussed adding board nominees for consideration at Navistar’s 2012 […]
October 25, 2011
Equipment
Machine Matters
A loader first and foremost New features, options place the traditional single-purpose wheel loader into more applications, keeping it working in tough times By Mike Anderson The 135- to 174-horsepower wheel loader is often perceived as a throwback: Valued as a highly functional, reliable, yet often single-purpose machine. It’s been a rank-and-file plodder, if you […]
August 3, 2011
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