Navistar Offers Weak 2009 Forecast

NEW YORK – Navistar International Corp. provided a soft 2009 forecast on Jan. 5, citing weak demand in North America where sales volumes are expected to remain near 30-year lows, according to the Web site. www.marketwatch.com.

But predictions on a conference call with analysts that the market could show some recovery by the second half of 2009 helped push up the company’s shares by more than 23 percent to $30.10.

“We believe 2010 will be stronger than 2009,”said Chief Executive Dan Ustian on the call.