Navistar reviewing more plant closings

| October 05, 2012

Campbell told Thomson Reuters that Navistar already has identified operations that generate $260 million worth of revenue that it could close, fix or sell, leading to an estimated profit boost of about $52 million, and that it aims to complete identifying such businesses and projects by the end of the year. “I really think you can turn this company around in 12 to 18 months,” he told the news service.

The list could include operations that generate about 10 to 15 percent of Navistar’s estimated 2012 revenue of $12.9 billion, Campbell told Thomson Reuters, noting that the range was “more a feeling in my gut than knowledge.”