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TRUCKMAKERS' NEWS * USA - Navistar Reports 1Q Profit
Warrenville,ILL,USA -Transport Topics -12 March 2009: -- Navistar International Corp. said it earned $234 million, or $3.27 per share, for its first fiscal quarter, compared with a loss of $65 million, or 92 cents, a year ago... Revenue for the quarter ended Jan. 31 was $2.97 billion, up from $2.95 billion a year ago, the company said late Wednesday... Manufacturing segment profit was $407 million, including the impacts of its settlement with Ford Motor Co. and related costs, compared with $92 million a year ago... (Photo: IDF Custom International)
* Navistar Cuts 2009 Truck Sales Outlook
Chicago,ILL,USA -Dow Jones/CNN Money -March 11, 2009: -- Navistar International Corp. on Wednesday lowered its sales forecast for commercial trucks this year, as the company swung to a fiscal first-quarter profit on increased sales of military trucks and a $190 million litigation settlement with Ford Motor Co.... Navistar now expects industry sales in the U.S. and Canada to total between 210,000 and 225,000 trucks in 2009, down from its January forecast of 244,000 to 256,000 trucks... Sales of new trucks have steadily contracted in the past two years as trucking companies idled fleets or folded entirely in response to reduced shipping volumes caused by the economic downturn. Restricted access to credit for new truck purchases is providing further downward pressure on sales, the company said...
Labels: truckmakers' news USA
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