LISLE, IL – Navistar says it will return to profitability in 2016, despite posting a first quarter loss of $33 million.
LISLE, IL – Truck manufacturer Navistar has named 33 top-performing suppliers as winners of the annual Diamond Supplier Award.
David McKeanThe winners represent the top two percent of Navistar’s supply base, having helped improve customer uptime and exceeded performance expectations for quality, delivery, cost and technology. They are a diverse group of businesses, including women- and minority-owned businesses, small and large companies from the Midwest and other areas of US, as well as global suppliers from Mexico, Taiwan, China and Canada.
“We expect 2016 to be a bold year for Navistar, and our suppliers are fundamental in helping us achieve optimal uptime for our customers,” said David McKean, VP of procurement for Navistar.
LISLE, IL – The truck and engine manufacturer Navistar International managed to cut back on its losses in its most recent fiscal quarter while they were down significantly for the 2015 fiscal year, both ending on Oct 31.
LISLE, IL – Nearly 1,500 Navistar International model trucks in Canada are among 16,500 that are being recalled here and in the U.S.
The bulk are ProStar models, but the recall also includes the DuraStar, WorkStar, TransStar and LoneStar models, all from the 2012-2013 model year.
The move follows an investigation by the U.S. National Highway Traffic Safety Administration (NHTSA) that the trucks may have accelerator pedals that do not fully return to the closed throttle position, resulting in engines idling at slightly higher RPMs, which can keep the engine brake from engaging.
The investigation was opened following complaints from truck owners. Navistar identified 1,233 warranty clams related to accelerator pedal issues, with 70.3 percent of these claims on manual transmission vehicles.
DETROIT and LISLE, IL — General Motors Co. (GM) and Navistar announced Wednesday they have reached a long-term agreement to develop and assemble future medium-duty, conventional cab Class 4/5 commercial vehicles. According to a news release, the alliance allows Navistar to strengthen its product lineup and GM to expand its Chevrolet commercial truck portfolio. The future products will be jointly developed using Navistar’s expertise in rolling chassis configurations and manufacturing capabilities, and GM’s commercial components and engines. The vehicles are slated for production in 2018. GM offered medium-duty trucks for decades before getting out of the business in 2009 in the midst of its bankruptcy reorganization and the recession. That decision followed the death of a deal for Navistar to buy GM’s medium-duty business.
PEORIA and LISLE, IL — Caterpillar’s go-it-alone vocational truck series will be virtually identical to current Cat Trucks for some time, using the same components as now until changes come about in the future, executives told HDT magazine/Truckinginfo.com in an interview on Tuesday.
LISLE, IL — The Eaton Procision line of dual-clutch, automated-manual transmissions will be available on International DuraStar medium-duty trucks beginning late this year.
PEORIA, IL — Caterpillar Inc. announced Tuesday that it will begin independently designing and manufacturing its Cat vocational truck family at its plant in Victoria, TX, with production to begin next year.
ANN ARBOR, MI — One truck and engine maker along with automotive and technology companies are supporting a new test site for connected and automated vehicles that had its grand opening on Monday.
WASHINGTON, D.C. — Navistar Inc.’s 2009-2010 “transition” strategy for exhaust-emissions compliance has led to a lawsuit filed last week by the U.S. Environmental Protection Agency, according to Truckinginfo.com
LISLE, IL — The truck and engine manufacturer Navistar International Corp. on Monday announced it is refinancing a loan to improve the company’s liquidity and financial flexibility.
TORONTO — A unanimous decision by an Ontario court puts former workers at a now closed Navistar plant in Southwestern Ontario significantly closer to getting millions of dollars in pension money they claim they are owed.
LISLE, IL –Despite still dealing with financial problems, the truck and engine manufacturer Navistar International Corp. is rapidly gaining market share in the North American medium-duty market. That was one of several nuggets the company discussed in a conference call with analysts. That was one of several nuggets the company discussed in a conference call with analysts on Thursday.
According to Troy Clark, president and CEO, Navistar’s medium duty market share increased six percentage points in its fiscal second quarter over the first quarter to 27%.
“In fact one of our major leasing customers recently shared some data with us that shows that DuraStar chassis and ISB engine combination delivers the best fuel economy and lowest cost of ownership across their entire fleet,” he said. “Our leasing and rental customers are increasingly happy with our performance. Our share is growing with these very important buyers. Notably we’ve also seen a significant increase in dealer wide sales. That’s key to our success in the medium-duty segment.”
LISLE, IL — Navistar International Corp. has lured a 20-year veteran of the parent company to rivals Peterbilt and Kenworth.
LISLE, IL — Navistar International Corp. on Thursday announced it narrowed its fiscal second quarter loss while revenue slipped.