How did Navistar manage to build its assembly plant in San Antonio for a relatively paltry $250 million? Partly by ignoring a famous baseball movie line.
Traton Group is still focused on battery power for trucks but tossed a bone to hydrogen in raising its electrification spending to about $3 billion by 2026.
Navistar’s new CEO aligns with parent Traton Group in declaring batteries will be the ultimate solution to zero-emission transportation.
Traton Group is optimistic for future quarters as it posts solid nine-month results with recently acquired Navistar included for the first time.
After settling a class-action lawsuit over defective MaxxForce engines, Navistar agrees to pay the government for Clean Air Act violations.
Last of major truck makers to launch an electric truck, Navistar places first five medium-duty eMV Series models with Penske Truck Leasing.
Traton Group shuffles the executive deck at Navistar, replacing CEO Persio Lisboa with former Scania executive Mattias Carlbaum.
Daimler Truck sold more vehicles in Q2 than the previous quarter but warned that supply shortages threaten second-half financials.
Aurora Innovation gets a $10.6 billion enterprise value, the second highest of four autonomous driving software developers seeking to go public.
Supplier readiness is a key to Navistar and TuSimple achieving commercialization of a high-autonomy Class 8 truck in 2024.
Daimler Truck, TRATON and Volvo Group will spend $593 million to build a truck charging network across Europe.
Autonomous trucking software startup TuSimple’s public offering helps boost Navistar Q2 earnings while a trucking recovery leads to added production.
Navistar was hit by a cyberattack in late May, but the truck maker said it is working with cybersecurity experts to minimize the impact.
A whistleblower filed a complaint in 2013 alleging pricing fraud by Navistar Defense that its parent company settled with no admission of wrongdoing.
TuSimple, the first autonomous vehicle software developer to go public, raised $1.1B at $40 per share, above the high-end of its estimated price..
The costs of keeping up with four engine technologies and the pace of self-driving trucks push rival truck manufacturers into partnerships.
TuSimple, the self-driving truck startup backed by fleets, suppliers and manufacturers, filed on Tuesday to become a public company.
The soon-to-be parent of Navistar increases electrification investment to $1.9 billion by 2025 and says 80% of its brands’ trucks will be electric by 2030.
Navistar reported a Q1 fiscal loss in its final earnings in 35 years as the public holding company for International Trucks and IC buses.
The $3.7B merger of Navistar and TRATON Group drew nearer Tuesday when Navistar shareholders approved a $44.50-per-share buyout.
