Navistar Trucks

Founded as the International Harvester Company in 1902, Navistar is a major American holding company that has been operating since 1986 as the successor to International Harvester. It is a global manufacturer of diesel engines and light-duty commercial vehicles. The company manufactures its trucks at 29 assembly sites in 17 countries. Its subsidiaries produce IC Bus brand school buses, International brand commercial vehicles, and MaxxForce brand diesel engines.

In 2007, Navistar's trucks set new standards for fuel efficiency and aerodynamics. They also ushered in the era of Corporate Average Fuel Economy. The company introduced the International(r) A26 engine, a 12.4-liter big-bore engine, which is offered in vocational and Class 8 on-highway trucks. The company also offers its DT466 inline-6 and DT360 engines, and the IDI 7.3L V8. The company's diesel engines are used in International and Ford trucks.

The relationship between Navistar and Ford began in 1983 as a joint engine-supply agreement. They then expanded the relationship into a $400 million a year business. In April 1995, Navistar acquired the remaining two-thirds of AmTran. The company rebranded as International Truck and Bus in 2002. The company's first "NGV" truck was introduced in 2001. In 2008, the company adopted the "Star" branding for its NGV trucks.

In 2005, Navistar purchased MWM International Motores, a Brazilian engine manufacturer. In addition, the company acquired one-third of the American Transportation Corporation. These three companies became subsidiaries of Navistar. The company is based in Lisle, Illinois, and has a corporate headquarters on an 87-acre campus. Its annual revenue is estimated at $7 billion.

In 1991, Navistar entered the school bus industry as a body manufacturer. This was the beginning of the Navistar-branded International Truck line. Its International XT series was the largest vehicle sold for consumer use. It remained in production through the 2008 model year. The International MXT-MV military vehicle was also a Navistar-designed vehicle. The third pickup was essentially a street-legal version of the International MXT-MV military vehicle. It was fitted with Ford F-350 pickup beds.

The relationship between Navistar and Ford evolved into a $400 million a year business. After the 2014 model year, the companies discontinued producing medium-duty commercial trucks in collaboration. They also announced that they would no longer produce pickup trucks with large-block gasoline V8 engines. In 2012, the company announced that it was closing its Workhorse facility. The plant had the capacity to manufacture 450 direct jobs and 750 indirect jobs.

The company hired KPMG to restate its earnings back to 2002 to address complex accounting issues. The company also disputed its auditors' findings, and in April, it fired Deloitte. It subsequently announced a further delay in its restatement. It gave bonuses to some executives during the restatement period. The company's shares were delisted from the S&P 500 Index and Pink Sheets. It later relisted on the NYSE under the previous ticker symbol, NAV.

In the 1980s, the company repositioned itself from a manufacturer of farm equipment to a manufacturer of buses and engines. It also refocused on the retail market. In 2004, Navistar re-entered the retail vehicle market. It was the world's leading truck manufacturer. Its trucks are some of the most reliable and innovative trucks in North America.