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More drama with Navistar (NAV): After OTR Global kicked up enthusiasm by saying that the company...
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Friday, June 29, 2012, 12:25 PM ETMore drama with Navistar (NAV): After OTR Global kicked up enthusiasm by saying that the company may offer Cummins (CMI +4.1%) engines, a Navistar spokeswoman seemed to deflate the idea a bit by calling it "speculation" as she declined further comment. Shares are still up 11.5%, with M&A chatter remaining a major backdrop.
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...in NAV vehicles, I presume.
This isn't exactly new. It came out when the CEO said they would be remedying the "pollution" problem.
As for takeover fever, I hope not. This company should not repeat its brake failure problem as that was down to a supplier;
and the "pollution" problem just involves Bolt-On stuff, albeit costly.
But being taken over would be a road to nowhere. I discount it absolutely (personal view).