![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKMAKERS NEWS * USA
* New York - Activist Investor Raises Stake in Navistar; Stock Rallies
New York,NY,USA -The WSJ -13 July 2012: -- Activist investor Mark Rachesky increased his stake in Navistar International Inc. to 14.9%, just below the threshold for triggering the commercial truck maker's takeover defense plan... In a Securities and Exchange Commission filing Wednesday, Mr. Rachesky's MHR Fund Management LLC disclosed that it obtained 914,163 shares of Navistar this week for about $21.5 million, raising his holdings to 10.2 million shares from 9.3 million shares, or 13.6%, previously... Interest in Navistar by activists like Mr. Rachesky and his former boss, billionaire investor Carl Icahn, have stoked market speculation that they'll pressure Navistar's board to sell the company or overhaul ...
* Analysis: Truck maker profits to remain pressured through end of year
New York,NY,USA -Associated Press/Yahoo Finance –Jul 11, 2012: -- A Baird analyst said Wednesday that commercial truck maker profits will remain under pressure through the end of the year, as they work through a modest slowdown in truck demand... David Leiker said in a note to investors, that the North American companies are in the process of aligning production with current demand, as orders from emerging markets like Brazil and China continue to fall, while European demand remains steady, but uncertain... Investing in the sector will become a better idea once individual companies start to recover, orders for Class 8 trucks begin to pick up and signs start to appear that Europe's economic problems will be resolved, he said...
Labels: truckmakers news USA
posted by Unknown @ 5:38 AM
0 Comments:
Post a Comment
<< Home