The company plans to invest approx. $125 million in its
manufacturing facilities in Alabama over the next three years. This is to produce next-generation big-bore
powertrains developed with its global alliance partner TRATON.
Earlier this month, Navistar announced that its service partnership agreement with Love’s and Speedco has gone fully operational, launching the largest service network in North America for commercial vehicles.
Also see: Navistar Q2 2019 Earnings Report
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In the second
quarter of 2019, Navistar beat revenue and earnings estimates, with a 24%
growth in revenue to $3 billion and a 57% growth in adjusted EPS to $1.05.
For full-year
2019, Navistar expects revenues to be $11.25 billion to $11.75 billion.
Industry retail deliveries of Class 6-8 trucks and buses in the US and Canada
are forecast to be 425,000 to 445,000 units, with Class 8 retail deliveries of
290,000 to 310,000 units.
Shares of Navistar have fallen over 10% year-to-date and 27% in the past one month.