A lawsuit brought against the truck and engine maker alleges that top officers inflated the company's stock price and sold personal shares for millions of dollars when the stock was at its peak.
Navistar’s new approach to meeting 2010 EPA emissions standards, which partly involves Cummins engines and after-treatment, begs the question about Caterpillar’s CT vocational trucks.
Navistar investor Carl Icahn issued a letter Tuesday to the company’s board of directors saying that if his demands for new board seats for shareholders are not met, he will pursue legal action.
The company said a voluntary separation program and a reduction in its salaried work force should generate $70-$80 million in annual savings
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