Navistar Inc. disputes allegations that it didn’t thoroughly test its MaxxForce EGR engines – allegations that surfaced in a lawsuit where a jury last week awarded $30.8 million in damages – including testimony about the engine program by former executive Jim Hebe that the company "did not test s**t".
Judge Rules SEC Suit Against Former Navistar Exec Can Proceed
Daniel C. Ustian, former chairman and CEO of Navistar International, had promoted a unique diesel exhaust emissions solution. But the Securities and Exchange Commission has charged in a suit that he knew it couldn’t work, with subsequent losses to company investors.