navistar

They openly admit to hacking companies' IT systems, stealing their sensitive data, and leaking it and putting it up for sale if they aren't paid. But there are some red lines that the operators of the Marketo stolen-data marketplace say they won't cross. They claim they don't do ransomware — that...

Data apparently stolen from Navistar International Corp. has been leaked onto the dark web, exposing detailed financial information less than a month after the heavy truck and military vehicle manufacturer disclosed a cyberattack.  The data appeared on Wednesday on Marketo, which bills itself as a...

A merger more than five years in the making will finally be consummated Thursday when Navistar International Corp. becomes part of Volkswagen AG's TRATON SE truck holding company. As the ownership changes, Navistar is expected to keep its name and executive structure, albeit  reporting to TRATON...

Federal regulators have ordered manufacturers and operators of trucks equipped with Level 2 advanced driver assistance systems (ADAS) or Levels 3-5 automated driving systems (ADS) to report crashes. The National Highway Traffic Safety Administration announced on Tuesday that it was exercising its...

Electric bus and battery maker Proterra Inc. begins its life as a publicly-traded company Wednesday, ringing the bell on the Nasdaq as it collects a $640 million payout from its special purpose acquisition company (SPAC) sponsor. But Proterra CEO Jack Allen said more than money was involved with...

Navistar International Corp. (NYSE: NAV) reported a big jump in its Q2 fiscal-year earnings due in part to gains on its investment in autonomous trucking software startup TuSimple Holdings. Navistar and TuSimple (NASDAQ: TSP) are working together to bring a Class 8 high-autonomy truck to market in...

Navistar International Corp. (NYSE: NAV) told the Securities and Exchange Commission on Monday that it was hit by a cyberattack in late May.  The Lisle, Illinois-based truck and bus manufacturer said it is "minimizing potential impact" by working with third-party cybersecurity experts and federal...

Navistar International Corp. (NYSE: NAV) is paying $50 million to settle claims that it overcharged the U.S. Marines for suspension systems on armored military vehicles, clearing another issue ahead of its merger with Volkswagen AG's TRATON Group. The allegations against Navistar Defense LLC,...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight Navistar's Class 8 truck recall, a congressional report into COVID relief loans, a potential merger and more. The High Five 1. Navistar International Corp. is recalling certain LT and RH...

As the Biden administration attempts a hard turn toward electrifying transportation, small, independent owner-operators — who represent the vast majority of trucks on the road — fear that the cost of moving in that direction could put them out of business. But commercial drivers participating in...

Diesel engine leader Cummins Inc. (NYSE: CMI) will supply medium- and heavy-duty truck and bus engines to Navistar International Corp (NYSE: NAV) through the next two emission cycles, or 2026. "This new long-term agreement with Cummins, in combination with our proprietary powertrains, will offer...

Sweden's Volvo Group (OTC: VLVLY) is cutting 4,100 white-collar jobs globally in the second half of the year, responding to ongoing impacts of the COVID-19 pandemic.  "The Corona epidemic and the global measures taken to fight it has led to a market situation impacting our industry severely. The...

TRATON Group's bid for Navistar International Corp. (NYSE: NAV) — the elephant in the room — got only perfunctory responses on Navistar's earnings call with analysts Wednesday. Executives instead unpacked some of the reasons why the truck maker lost money in the first fiscal quarter. For starters...