Navistar NYSE delisting to begin

Navistar NYSE delisting to begin Navistar International Corp., a maker of trucks, buses and heavy-duty engines, began trading Wednesday on the over-the-counter market commonly known as the 'pink sheets' under the symbol NAVZ following its suspension from the New York Stock Exchange at the end of trading Tuesday.
   The company's preferred stock is trading under the symbol NAVZP.
   Navistar's problems grew ominous Dec. 15, when the NYSE told Navistar that the firm was subject to delisting on Dec. 20 because it hadn't filed its Oct. 31, 2005 annual report. Navistar held off the delisting with a Dec. 18 request for a formal review of the delisting decision.
   Trading on the pink sheets will continue while Navistar pursues the appeal it announced last week of the NYSE's decision to suspend trading and delist the company because the company's completion of the restatement of its fiscal 2005 financial statements will extend beyond the suspension date.
   Based in Warrenville, Ill., the company produces International-brand commercial trucks, mid-range diesel engines and IC-brand school buses, and Workhorse-brand chassis for motor homes and step vans. It is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine parts and service. The firm also owns a financing services company.