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Navistar International Corporation (NAV)

  • Sep. 3, 2013, 4:24 PM
    • Navistar (NAV) says it's expanding its medium-duty engine offerings to include the Cummins (CMI) ISB 6.7-liter engine for International DuraStar medium-duty trucks and IC Bus CE Series school buses.
    • The buses with the Cummins ISB will be NAV's first medium-duty vehicles with Selective Catalytic Reduction emissions aftertreatment.
    • It will start taking orders immediately, with initial truck builds later this month and regular production scheduled for December.
    • Regular production for CE Series school buses is scheduled for late-January 2014.
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  • Jul. 19, 2013, 6:07 PM
    Carl Icahn has raised his stake in Navistar (NAV) to 16.55% from a prior 15.54%. Icahn and fellow activist investor/former partner Mark Rachesky's MHR Fund Management now collectively own over 31% of the truck maker. (13D) (previous)
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  • Jun. 27, 2013, 9:55 AM
    Navistar (NAV +1.7%) names Walter Borst as its CFO and Executive Vice President. The exec was hired away from GM where he served as CEO of the GM Asset Management unit.
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  • Jun. 27, 2013, 8:39 AM
    Procter & Gamble (PG) says it will convert up to 20% of its outsourced truck load shipments to natural gas vehicles within the next two years. Keep an eye on Cummins (CMI), Westport Innovation (WPI), and Navistar (NAV) off the news which bodes well for the sector.
  • Jun. 26, 2013, 6:41 PM
    Jefferies analysts looked for stocks that had corrected at least 15% from their highs, were strong companies, and maintained what they viewed as compelling stories still in the process of unfolding. The firm's 10 stocks to buy: ANF, DECK, EW, ESV, FCX, HMSY, NAV, RAX, SPG, SWI.
  • Jun. 24, 2013, 4:26 PM
    Navistar (NAV) says its CFO, Andrew A.J. Cederoth, will be leaving at the end of the month as part of a planned transition. Mr. Cederoth has served as the company's CFO since September 2009. Current senior VP and treasurer James Moran will oversee financial operations and functions on an interim basis, while the company finalizes its search for a new CFO from outside the company. Shares -4.7% AH.
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  • Jun. 21, 2013, 11:52 AM
    What to watch at Navistar (NAV +0.9%): After shares slid back into $20s, the question of what's on the minds of 15% stakeholders Carl Icahn and Mark Rachesky is relevant again. The company's entrenched poison pill prevents further share purchases by the pair, so will they push harder to see that measure reversed?
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  • Jun. 20, 2013, 10:53 AM
    Shares of Navistar (NAV -7.6%) are having a rough day after the company recalls over 7K trucks which might have a braking issue. The bigger story behind Navistar is its financial condition. Last week, S&P had its say by downgrading the firm's credit rating to B- from B and maintaining a negative outlook.
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  • Jun. 20, 2013, 8:29 AM
    Ryder (R) says it took delivery of 39 light and medium duty compressed vehicles with natural gas engines. The development only marks a small step forward for taking natural gas engines into the mainstream, but could bode well for Westport Innovations (WPRT), Cummins (CMI), and Navistar (NAV) if more commercial operations dabble with CNG-powered vehicles.
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  • Jun. 10, 2013, 6:41 PM
    More on Navistar (NAV): Q2 misses hard, with losses on a per share basis coming in much greater than the prior year period and revenue also declining by 23% Y/Y. Net losses widened as the commercial-truck maker posted lower volumes and and higher pre-existing warranty adjustments, primarily related to EPA 2010 emissions level engines. Both its truck and engine units reported a wider losses, with the only bright spot coming from its parts segment, which saw income more than double as margins improved. Shares -1.5% AH.
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  • Jun. 10, 2013, 4:27 PM
    Navistar (NAV): FQ2 EPS of -$4.39. Revenue of $2.53B misses by $0.35B. (PR)
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  • May. 17, 2013, 11:43 AM
    A broad rally in auto supplier stocks isn't a shocker after positive news piled in from across the globe. In Europe, a long slide in sales has finally reversed while China is opening up the western part of its territory for manufacturers. Just to top it off quite nicely, consumer sentiment rose briskly in the U.S. Advancers: American Axle (AXL) +4.5%, Dana Holding (DAN) +4.1%, TRW Automotive (TRW) +2.2%, Navistar (NAV) +4.4%, Federal-Mogul (FDML) +4.2%, Magna International +1.9%, Meritor (MTOR) +2%, Johnson Controls (JCI) +1.9%, Exide Technologies (XIDE) +5.5%.
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  • May. 16, 2013, 9:09 AM
    Navistar (NAV) announces it will sell its recreational business interests to Allied Specialty Vehicles for an undisclosed amount. The deal won't include its horse trailer manufacturing operation.
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  • May. 3, 2013, 10:58 AM
    Navistar (NAV +10.3%) rips a double-digit gain with enthusiasm building that new management will push the right buttons to lead a turnaround. Some insider buying and EPA certification for the company's 13-liter Maxxforce engine is also helping to tip sentiment.
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  • Apr. 17, 2013, 12:39 PM
    Navistar (NAV -3.3%) says it received federal approval for its big-bore engine design. Execs indicate the first ProStar units with SCR-based 13-liter engines will be delivered at the end of April.
  • Apr. 17, 2013, 8:24 AM
    Procter & Gamble's (PG) plan to save $2B by stretching out supplier payments is nothing new in the industry. Kimberly-Clark, Church & David, and Energizer Holdings all beat the company to the punch in employing the tactic to free up cash. What to watch: If automobile manufacturers decide to toy with the same idea, analysts think it could create a cash pinch for suppliers such as BWA, NAV, FSYS, FDML, AXL, TOWR, JCI, DLPH, and LEA.
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Company Description
Navistar International Corp is a manufacturer of commercial & military trucks, diesel engines, buses, as well as a provider of service parts for trucks & diesel engines. It also provides retail, wholesale & lease financing services for trucks and parts.