Truck and engine maker Navistar International recorded a net loss of $248 million in the first quarter of the 2014 fiscal year, per an announcement from the company March 5.
Navistar says it will save $22 million each year by consolidating production of its mid-range engines, shifting some production from Huntsville, Ala., to Melrose Park, Ill.
Federal appellate judges this week again tossed out a U.S. Environmental Protection Agency (EPA) rule that allowed for the approval of Navistar's heavy-duty truck engines that did not meet 2010 emission standards.
Navistar, maker of International trucks, says it has completed its transition away from exhaust gas recirculation-only engines to selective catalytic reduction exhaust aftertreatment tech as a means to comply with 2010 engine emissions standards.
Though Navistar won a court ruling last week that dismissed a case brought by rival truck and engine makers about the validity of the compliance certificates issued to the company, the court battle appears to ...
The "certificates of conformity" allowed Navistar to make and sell non-complaint model engines while being assessed a fine on each one sold.
Some U.S. manufacturers say Navistar's credits came at the expense of its competitors, who invested millions into research and development of modern engine tech.
Navistar reported for the third quarter of 2013 a $247 net loss and says it will be cutting 500 jobs in an attempt to boost profitability.
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