Equipment

Earnings

1  -  8  of  8

March 5, 2014 - Industry News

Navistar Quarterly Loss Grows to $248 Million

Truck and engine maker Navistar International reported a wider first quarter loss than expected on Wednesday amid slower sales.

Tags: OEM, Navistar International Corporation, Earnings, Navistar International

February 20, 2014 - Industry News

Dana Profit Dips Still Strong

The parent of truck and auto component maker Dana saw a slight decline in both sales and profits last year, but still reported healthy numbers, according to just release figures.

Tags: OEM, Dana Holding Corp., Earnings, Dana

January 31, 2014 - Industry News

Paccar Reports Record Revenue for Last Year

Paccar has installed more than 51,000 of its MX-13 engines in Kenworth and Peterbilt trucks in North America since the start of production in 2010.

Paccar, the parent to truck makers Peterbilt and Kenworth, reported record revenue of $17.12 billion in 2013 compared to revenue of $17.05 billion the year before.

Tags: Kenworth, Paccar, OEM, Peterbilt, Earnings, Engines, Truck Sales

December 20, 2013 - Industry News

Navistar's Turnaround Progress Overshadowed by Warranty Problems

The International Lonestar was the final Class 8 model to get the Cummins ISX engine with SCR.

While Navistar has made substantial progress in its Drive to Deliver turnaround program, it still reported worse financial results for its fourth fiscal quarter than it had aimed for. Executives said the main culprits were industry truck sales levels that didn't pick up as soon as expected, and the continuing high warranty costs for its legacy all-EGR EPA-2010 engines.

Tags: EPA 2010, Navistar, SCR, International Trucks, Earnings, Engines, Emissions

October 30, 2013 - Industry News

Paccar, Volvo and Daimler Report Strong Earnings

Freightliner's Cascadia Evolution on display during this year's Mid-America Trucking Show. Photo: Evan Lockridge

Most of the nation’s heavy truck makers reported third quarter earnings this week, showing health profits, despite some showing a slip in sales compared to the same time a year ago.

Tags: Paccar, Volvo Trucks, Daimler AG, Navistar International Corporation, Earnings, Daimler Trucks, Daimler Trucks North America, Kenworth, Mack Trucks, Peterbilt

September 17, 2013 - Industry News

Cummins Shares Plans for Profitable Growth With Investment Community

Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world and the acquisition of its distributors in North America.

Tags: Cummins, Earnings, Engines

September 4, 2013 - Industry News

Navistar Moves to Cut Jobs as Third Quarter Loss Widens

Truck and engine manufacturer Navistar International announced a fiscal third quarter 2013 net loss of $247 million compared to third quarter 2012 net income of $84 million. Earlier this month, the company began implementing new cost-reduction initiatives, including a reduction in its workforce.

Tags: Cummins, Navistar, SCR, Earnings, Engines

December 19, 2012 - Industry News

Navistar Reports $2.8 billion Fourth Quarter Loss

The first ProStar equipped with the Cummins ISX15 with selective catalytic reduction rolled off the production line last month.

Navistar International reported a worse fourth-quarter loss than expected, thanks in part to a spike in warranty costs along with the weakened truck demand affecting all truck makers. The Lisle, Ill.-based truck and engine maker reported a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share, compared to fourth quarter 2011 net income of $255 million, or $3.48 per diluted share.

Tags: Industry, Navistar, Earnings

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