
The maker of commercial electric vehicles won’t meet its projected production target of 300-400 vehicles in 2020 in part due to more than 36% of its production-related staff having contracted the coronavirus or quarantined awaiting results.
The maker of commercial electric vehicles won’t meet its projected production target of 300-400 vehicles in 2020 in part due to more than 36% of its production-related staff having contracted the coronavirus or quarantined awaiting results.
Navistar said an electric truck will be the first vehicle off the line at its new San Antonio production facility when it opens in the spring of 2022. The news came as part of the company’s third-quarter earnings release.
Navistar is bullish on the trucking industry and its own growth, as truck orders appear to show no signs of slowing and the company reports its Class 8 market share is up 2.7 points over a year ago while its 13L heavy engine share more than doubled.
Truck and engine manufacturer Navistar International Corp. on Thursday reported its net loss grew during its fiscal first quarter compared to a year ago, but one top official insisted the company is headed in a positive direction.
Truck and engine maker Paccar Inc. on Tuesday reported big gains in both profits and revenue for the final quarter of 2017 as well as for all of last year.
Navistar International Corp. reported on Tuesday that it returned to profitability as it wrapped up its 2017 fiscal year and final quarter.
Navistar International Corp. on Sept. 6 that it rolled back into the black during its fiscal third quarter with a profit of $37 million, although it would have been higher had it not been involved in litigation over its earlier model engines.
Navistar International Corp. on Tuesday announced its financial losses in the first quarter of 2017 nearly doubled from the same time a year ago due to lower truck volume and softer Class 8 truck sales.
Strong parts sales offset slumps in other areas, but softening of the North American truck market will make continued profits doubtful, the company said.
Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
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