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Truck and engine maker Navistar International on Tuesday said its board of directors has amended the company's stockholder rights plan, also known as a "poison pill," giving it a new protection against someone acquiring a significant portion of the company.
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The new powertrain gets up to 5% better fuel economy than older tractors with manual transmissions, the company says.
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Volkwagen's takeover of Scania may seem like it should only matter to Europeans, but the German automaker's goal is to be able to compete in commercial vehicles alongside global rivals Volvo and Daimler. North America is likely in its game plan.
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Truck and engine maker Navistar International has reported a fiscal second quarter net loss of $297 million, or $3.65 per diluted share, compared to a fiscal second quarter 2013 net loss of $374 million, or $4.65 per diluted share.
Read More →Navistar Financial Corp. has completed an agreement for $100 million of additional funding in what it calls a “trade receivables securitization program.”
Read More →Mack Trucks is recalling a little more than 44,000 trucks due to a possible failure of the hazard warning lights. This includes the following trucks, manufactured Feb. 28, 2006 through Nov. 8, 2013, and equipped Hamsar Electronic Flasher: 2010-2014 CHU, CXU, and MRU; 2007 CT and CV; 2008-2014 GU; and 2011-2014 LEU, and TD.
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Navistar said it developed a specification for the International ProStar tractor that the company expects to deliver improved fuel economy results.
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Navistar has completed its largest one-time sale of International LoneStar trucks to the truckload fleet Celadon Trucking Services.
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With increasing order backlogs, Navistar International is upping its production rates at its heavy truck assembly plant in Escobedo, Mexico, as well as its bus assembly plant in Tulsa, Okla.
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If you were in trucking about 30 years ago, you might remember the switch from incandescent sealed-beam headlamps to halogens, which were so much better that some truck operators stopped using auxiliary fog and driving lights. A more recent step up was projector-beam lamps, whose optics better aim the lumens from halogen bulbs and even more effectively light the way for drivers.
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