I just read this in a " Light and Medium Truck " newsletter . Things are tough financially and Navistar is considering selling out . I doubt Daimler/Chrysler would be interested after buying Freightliner , Ford Heavy Truck , Western Star , and Detroit Diesel. I think Volvo might be a potentisl buyer . Internationals are great trucks but Navistar really blew it on the 6.0 Ford Powerstroke engine .
Navistar considering selling out .
- Thread starter Crazynuff
- Start date
International/Navistar has had studies and talks like this on and off for the last 30 years or so. My family has worked for INT for generations (exect for me the black sheep)
It all boils down to the fact that ANYTHING is for sale at ANYTIME the price is right.
It all boils down to the fact that ANYTHING is for sale at ANYTIME the price is right.
Broompilot
Veteran Expediter
Thats a long time to be on the Market, looks like its gona be even longer. As for a great truck, if you like the hear the Engine as if you are actually under the hood (which you are in a International Medium Duty) than....
I prefere to be seperated from the Engine and be able to talk on the speaker phone, or listen to the radio. The Internationals I have been in did not offer quite as an option.
I prefere to be seperated from the Engine and be able to talk on the speaker phone, or listen to the radio. The Internationals I have been in did not offer quite as an option.
dieseldoctor1
Expert Expediter
12/21/2006
A spokesman for Navistar International Corp. Wednesday denied news reports that the company may be open to buyout offers, saying Navistar’s CEO was making light of a question about taking the company private.
Reuters news service said Navistar Chief Executive Officer Daniel Ustian made the comment during a phone conference late last week after an analyst asked whether any parties had expressed interest in helping management take the company private.
Roy Wiley, manager of external communications for Navistar, said Ustian was joking.
“Here’s what happened,†Wiley said. “The analyst asked five or six questions, then asked, ‘Why don’t you take the company private?’ â€
He said Ustian laughed and, “said something like, ‘If you’ve got money, come and see us,’ or ‘Everything has its price.’ The point is, he was joking.
“Everyone thought that was it, and the next thing you know Dan’s got a phone call from Bloomberg saying Reuters just put out a headline saying Navistar is willing to entertain offers.â€
Regarding published statements that Ustian did not deny Navistar was open to a buyout, Wiley said, “You can’t deny what isn’t happening.â€
The company has been struggling to get its financial statement filed, and the question about a possible buyout came up after the company said Friday it will not meet its self-imposed deadline for filing those statements. The New York Stock Exchange said on Tuesday that it will not delist the shares of Navistar International Corp. as originally scheduled for Wednesday, pending the company's appeal.
The NYSE said the truck and engine maker had formally requested a review of the delisting, which was announced last week after Navistar warned it would miss its own deadline for filing delayed financial reports.
Navistar is the parent company of International Truck and Engine Corp. International is the nation's largest combined commercial truck and mid-range diesel engine producer.
Dieseldoctor
A spokesman for Navistar International Corp. Wednesday denied news reports that the company may be open to buyout offers, saying Navistar’s CEO was making light of a question about taking the company private.
Reuters news service said Navistar Chief Executive Officer Daniel Ustian made the comment during a phone conference late last week after an analyst asked whether any parties had expressed interest in helping management take the company private.
Roy Wiley, manager of external communications for Navistar, said Ustian was joking.
“Here’s what happened,†Wiley said. “The analyst asked five or six questions, then asked, ‘Why don’t you take the company private?’ â€
He said Ustian laughed and, “said something like, ‘If you’ve got money, come and see us,’ or ‘Everything has its price.’ The point is, he was joking.
“Everyone thought that was it, and the next thing you know Dan’s got a phone call from Bloomberg saying Reuters just put out a headline saying Navistar is willing to entertain offers.â€
Regarding published statements that Ustian did not deny Navistar was open to a buyout, Wiley said, “You can’t deny what isn’t happening.â€
The company has been struggling to get its financial statement filed, and the question about a possible buyout came up after the company said Friday it will not meet its self-imposed deadline for filing those statements. The New York Stock Exchange said on Tuesday that it will not delist the shares of Navistar International Corp. as originally scheduled for Wednesday, pending the company's appeal.
The NYSE said the truck and engine maker had formally requested a review of the delisting, which was announced last week after Navistar warned it would miss its own deadline for filing delayed financial reports.
Navistar is the parent company of International Truck and Engine Corp. International is the nation's largest combined commercial truck and mid-range diesel engine producer.
Dieseldoctor