Navistar International
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| Navistar International Corporation | |
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| Type | Public Pink Sheets: NAVZ |
| Founded | Chicago, Illinois (1902) |
| Headquarters | Warrenville, Illinois |
| Key people | Daniel C. Ustian, Chairman, President & CEO |
| Industry | Automotive |
| Products | Trucks, Buses and schoolbuses, Diesel Engines Chassis |
| Revenue | $9.713 billion USD (2004) |
| Employees | 14,800 |
| Website | www.navistar.com |
Navistar International Corporation (Pink Sheets: NAVZ) (formerly International Harvester Company) is a manufacturer of International brand commercial trucks, MaxxForce brand diesel engines, IC Corporation brand school buses, Workhorse brand chassis for motor homes and step vans, and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company is also a provider of truck and diesel engine parts and service.
The company's products, parts, and services are sold through a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil, and Mexico and more than 60 dealers in 90 countries throughout the world. The company also provides financing for its customers and distributors principally through its wholly owned subsidiary, Navistar Financial Corporation.
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[edit] History
The merger of McCormick Harvesting Machine Company and the Deering Harvester Company in 1902 resulted in the formation of the International Harvester Company (IH) of Chicago, Illinois, which over the next three quarters of a century evolved to become a diversified manufacturer of farming equipment, construction equipment, gas turbines, trucks, buses, and related components. International Harvester fell on hard times during the poor Ag economy in the early to mid-1980s and began exiting many of its business sectors in an effort to survive; in the process, it shed most of its operating divisions: Construction Equipment Division to Dresser Industries; Solar (gas turbines) Division to Caterpillar; Cub Cadet (lawn and garden equipment) to MTD Products and, lastly, the Agricultural Division to Tenneco who merged it with their JI Case subsidiary. After the Ag sale in 1985, all that remained of IH was the Truck and Engine Divisions and the company changed its name in 1986 to Navistar International Corporation. (The International Harvester name and IH logo were assets of the Agricultural Division and consequently were part of the sale to Tenneco; the IH name and logo are still in use being incorporated into the Case IH brand name). IH had used the International brand in its agricultural, construction and truck product lines and the brand name continues on in product lines of Navistar International's International Truck and Engine Corporation subsidiary.
In January 2006, the company declared it would not file its form 10-K annual report with the U.S. Securities and Exchange Commission on time. The delay was caused by the disagreement with its auditors, Deloitte and Touche, over complex accounting issues. In April, Navistar fired Deloitte, its independent auditor for 98 years, and hired KPMG to help restate earning back to 2002 in order to fix accounting errors. On December 15, 2006, Navistar executives announced further delay of its restatement and 2006 results. The announcement prompted the NYSE to announce the delisting of the company, after 98 years of trading, although the NYSE subsequently delayed the delisting pending an appeal by Navistar. However, Navistar was removed from the S&P 500 Index, and the NYSE eventually denied Navistar's appeal and delisted the stock; it now trades on the Pink Sheets.
Navistar International has a contract with Budget Truck Rental to make their rental trucks. [1]
In 2007, Navistar's International Truck and Engine Corporation is the first company to enter hybrid commercial truck production, with the International DuraStar Hybrid diesel-electric truck.
At present Navistar International makes the largest pick-up truck available on the market in the United States. The International CXT is the largest pick-up available to the non-commercial consumer.
Navistar is also the prime supplier of MRAP armored vehicles to the US military.
Navistar entered in an agreement to purchase General Motor's medium duty truck unit in 2007.[2]
Navistar International is notable for a significant workplace shooting at its Melrose Park,Il plant on February 5th, 2001. [3]
[edit] List of Navistar engines
International Truck and Engine recently launched the MaxxForce brand name for their line of Diesel engines. All current engines will be branded as "MaxxForce" followed by a number corresponding to the engine's displacement, rounded up. So the 4.5 L VT275 becomes the "MaxxForce 5". Ford will continue to use the Power Stroke brand name on their International engines.
- 1980–1987 9.0 L (551 CI) Direct-Injection V8
- 1983–1987 6.9 L Indirect-Injection V8 (Ford)
- 1988–1994 7.3 L Indirect-Injection V8 (Ford)
- 1994–2003 T444E (Older PowerStroke)
- 7.3 L V8
- 2003–2006 VT365/PowerStroke (Ford)
- 6.0 L V8
- 6.4 L V8 (MaxxForce 7)
- I6
- "PLN" Pump Line and Nozzle, Direct Injection
- DT 360 - 5.9 L
- DT 466 - 7.6 L
- "NGD" (1994-1997) New Generation Diesel, PLN, DI
- DT 408 - 6.7 L
- DT 466 - 7.6 L
- HT 466 - 7.6 L
- DT 530 - 8.7 L
- HT 530 - 8.7 L
- "HEUI" Hydraulic Electric Unit Injector, Direct Injection (1994 - up)
- DT 466 - 7.6 L
- HT 466 - 7.6 L
- DT 530 - 8.7 L
- HT 530 - 8.7 L
- DT 570 - 9.3 L
- HT 570 - 9.3 L
- "PLN" Pump Line and Nozzle, Direct Injection
- V6
- VT 275 - 4.5 L
- MaxxForce Brand Truck, Bus and RV Engines (2007 - )
- MaxxForce 5 - 4.5 L V-6
- MaxxForce 7 - 6.4 L V-8
- MaxxForce DT - 7.6 L I-6
- MaxxForce 9 - 9.3 L I-6
- MaxxForce 10 - 9.3 L I-6
- MaxxForce 11 - 11.0 L I-6
- MaxxForce 13 - 13.0 L I-6
[edit] See also
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[edit] References
- ^ Company Info - Budget Truck Rental
- ^ Breaking news: GM to sell its Medium Duty Truck Unit - Ten Gears - TenGears.com Car Blog provides car news, car pictures, car videos and car reviews
- ^ Chicago Plant Rocked By Workplace Shooting
