Hints and tips:
...A deal between Munich-based truckmaker Traton and Illinois-based Navistar has been rumoured for years....
...Navistar has dabbled with electric vehicles, producing battery-run school buses and medium-duty trucks....
...Volkswagen, meanwhile, has tabled a $2.9bn offer to buy the rest of Illinois-based truckmaker Navistar it does not already own....
...Mr Dujovne then plans to travel to Washington on Monday evening ahead of talks scheduled for Tuesday with International Monetary Fund chief Christine Lagarde and technical staff to discuss changes to a $50bn...
...Navistar estimated the alliance would create “at least $500m” of synergies in the first five years. VW will have the right to appoint two directors to Navistar’s board as part of the deal....
...Monterrey is Mexico’s Nafta powerhouse, home to US companies such as Caterpillar and Navistar. Every highway leaving the city of 1.3m leads to wind-whipped industrial parks....
...Shares of Navistar International fell as much as 7.6 per cent to $16.32, after analysts cut the stock to “sell” from “neutral”, arguing that a turnround at the truckmaker “is on track” but that used truck...
...Meanwhile, the now former chairman’s desire that VW should surpass Toyota and General Motors as the world’s largest carmaker by sales set it on a huge international expansion and acquisition spree....
...In the past there has been speculation that VW might seek to acquire US truckmaker Navistar International....
...Shares in Navistar International, the US truckmaker, fell nearly 6 per cent in midday trading after it reported a worse than expected $247m third-quarter loss and announced it would cut 500 jobs....
...Navistar International, the US truck and engine maker, has appointed a new chief executive as it attempts to bounce back from a bad bet on new diesel engine technology, sending shares up almost 28 per cent...
...For the year ended last April, Navistar International spent $200m buying back its stock at a price of around $40 a share....
...Navistar’s pre-tax loss was $566m for the quarter to October 31, against a $275m profit for the same period last year....
...Navistar International, maker of International brand trucks, saw its share of the US heavy truck market fall from 18 per cent in the year to the end of October from 28 per cent in the same period of 2011...
...Navistar International, one of the largest US truckmakers, has agreed to appoint three directors nominated by the activist investors Carl Icahn and Mark Rachesky, avoiding a public battle for shareholder...
...Navistar’s shares fell 3 per cent to $23.99....
...Navistar has been troubled by accounting problems before....
...Navistar, one of the biggest US truckmakers, is attempting to protect itself from a hostile takeover by adopting a shareholder rights plan aimed at preventing investors from accumulating stakes of more than...
...Not surprisingly, 106 of the 109 companies passed their say-on-pay votes, while three – Digital Generation, Navistar International and Nuance Communications – failed....
...Seymour Pierce said it had not been expecting such progress so quickly with Navistar....
...Since his retirement from the military he has taken up directorships with JetBlue Airways and truckmaker Navistar International....
...Navistar International, the commercial and military truckmaker, rose 5 per cent for the week to $28.36 as activist investor Carl Icahn increased his stake in the company to 12 per cent....
...Navistar International , the commercial and military truckmaker, lost 5.5 per cent to $27.15 after a court ruling said the company can no longer pay fines to sell engines that do not meet environmental standards...
...Navistar, the truckmaker, has adopted “flexible manufacturing” to enable plants to produce different vehicle types rather than the single models produced before the recession....
...“There’s very little collaboration between the federal government and manufacturers,” the Navistar chief said....
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