Navistar records $3 billion net loss in 2012

| December 19, 2012

Engine and truck manufacturer Navistar reported Wednesday a loss of $2.8 billion in the fourth quarter of the 2012 fiscal year, stemming largely from restructuring efforts, valuation allowance of its deferred tax assets and warranty claims on its 2010 MaxxForce engines.

Navistar says it recorded a $3 billion net loss for the entire year, compared to a $1.7 billion profit in 2011. Navistar says it recorded $255 million in profit in the fourth quarter of 2011.

For the full report on Navistar’s 2012 earnings, see Overdrive sister site CCJ‘s article.

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  • jescott418

    I was just talking to a technician on the Maxx Force engine. I never knew they were such junk. Too bad for Navistar, they really have made some bad decisions.

  • 4btrucking

    Well I thought Maxx Force was good as well..But I think they are all junk and will suffer the consequences in the future. If it weren’t for th oill patch the truck sales would be in the tank. Your seeing more and more older trucks picking up the slack and there’s a reason you’ve got 08 and up trade ins right before warranty expires. When JB Hunt complains about maintainence you’ve got a problem….