Navistar News | TheDetroitBureau.com
Detroit Bureau on Twitter

Posts Tagged ‘navistar news’

VW Ponders Complete Takeover of Navistar

Trucker’s stock surges on VW stake.

by on Sep.07, 2016

VW's truck chief says a complete takeover of Navistar is one of the "open" options.

Volkswagen’s unexpected, $256 million investment in Navistar International Corp. has sent shares of the struggling U.S. truck maker surging – especially after VW’s truck chief suggested a full takeover could be in the works.

Under the new agreement, Volkswagen Truck & Bus will invest $256 million in Navistar, and it will maintain that position for a minimum of three years. At $15.76 a share, that means VW will now hold a 16.6% stake in the Illinois-based company. It also will get two seats on the Navistar board of directors.

Insight!

But VW Trucks boss Andreas Renschler said the deal may be just a first step. During a call with media and analysts to discuss the Navistar investment, Renschler said that, “On our way to becoming a global champion, all options are open.”

(more…)

Mahindra Disavows Plans for Alabama Pickup Plant

American debut appears to be on indefinite hold.

by on Dec.22, 2011

Mahindra's long-planned U.S. launch of the Pik-Up has been delayed repeatedly.

Indian automaker Mahindra & Mahindra has dismissed, in no uncertain terms, reports it is preparing to build pickup trucks in Alabama with help from Navistar.

The maker recently postponed plans to launch sales of both a pickup and an SUV model, terminating its relationship with an American distributor.  But there has been widespread speculation Mahindra would now try to go it alone and even shift production of the compact truck to the States, hoping to take advantage of the decision by both Ford and Chrysler to pull out of that market segment.

It's Free!

“There have been reports in certain quarters of media and online space stating that Navistar USA will produce Mahindra’s T20 and T40 pickups in Alabama, USA in 2012, which are completely baseless & incorrect. Mahindra said in statement. “If and when there are any material developments, Mahindra & Mahindra Limited will communicate them directly and transparently.”

(more…)

White House to Issue First-Ever Mileage Standards for Big Trucks

Semis, heavy-duty pickups and even fire trucks will be covered.

by on Aug.09, 2011

Semis, like this Navistar rig, will be targeted for a 23% improvement in fuel economy.

Having reached a compromise that will nearly double the fuel economy of the typical passenger vehicle over the next 14 years, the Obama Administration is now taking aim at some of the nation’s biggest gas-guzzlers.

The White House is scheduled to announce first-ever fuel economy standards for big trucks – which could mean cutting gas consumption by as much as 23% by 2018.  The rules, which will be announced later today, will cover everything from 18-wheel semis to garbage and fire trucks – as well as the heav-duty versions of pickups like the Ford F550, which aren’t included in the mileage rules announced late last month.

Subscribe Now - It's Free!

Administration officials expect the new rules to more than pay off in terms of reduced fuel bills – while also slashing the production of greenhouse gases and other noxious emissions.  Preliminary estimates indicate vehicles meeting the new standards will ultimately save about 530 million barrels of oil which, at anticipated prices after the current economic downturn, could be worth more than $50 billion.

The new standards, which will cover the years 2014 through 2018, will impact three categories of vehicles: (more…)

EcoMotors Teams Up With Navistar

Partners exploring potentially revolutionary engine technology.

by on Feb.23, 2011

A deal with Navistar could help developers of the OPOC engine bring the super-efficient technology to market.

EcoMotors International, the Michigan-based start-up company backed by Bill Gates and  Silicon Valley venture capitalist Vinod Khosla, has signed a new development agreement with major truck and engine builder, Navistar International of Warrenville, Ill.

Like other traditional vehicle builders, Navistar is under intense pressure to improve fuel-economy and reduce emissions and Dan Ustian, the truck firm’s chairman, president and chief executive officer, said EcoMotors’ technology shows promise of helping to deliver the kind of improvements needed for the future.

Auto News When You Need It!

“We continue to be on the cutting edge of technology and our development agreement with EcoMotors once again demonstrates our commitment to develop new, innovative approaches to the commercial vehicle industry,” said Ustian “Our company has a long history of pushing the envelope to deliver state-of-the-art, customer-focused solutions and we see great promise in EcoMotors’ breakthrough engine design,” Ustian said.

(more…)