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Corporate Restructuring

Navistar International announced a series of executive appointments, including two new division presidents and the vice president of emerging technologies, strategy and planning.

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Workhorse to Spin Off Aviation Business

Workhorse Group announced its intention to spin off its aviation division, which includes its SureFly personal helicopter, into a separate publicly traded company named SureFly Inc. – but it will hold on to the HorseFly drone designed for parcel deliveries.

Stellar Exits Kiefer Trailer Manufacturing Business

Stellar Industries announced that it will close its Kiefer Manufacturing facility in Sneedville, Tenn., on Dec. 31, 2015, and transition its Kanawha, Iowa, operation to a Stellar company effective Jan. 1, 2016.