Navistar International Corp. said it is recalling as many as 90,000 anti-lock brake system controls in its medium trucks and school buses.
The Warrenville-based truck maker said the component has been linked to five accidents, though no injuries have been reported.
It said it will take a pretax charge of $51 million that will be spread out over the next three years, and it revised its fourth-quarter forecast to a loss of 72 cents to 77 cents a share from a loss of 20 cents to 25 cents a share.
It also said it is continuing negotiations with the United Auto Workers on a new labor contract. The two sides have agreed to extend the existing contract, which expired at midnight Tuesday, for another five days.
Navistar Recalls Truck, Bus Brake Controls
Navistar International Corp. said it is recalling as many as 90,000 anti-lock brake system controls in its medium trucks and school buses
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