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Stage Set For Volkswagen To Further Pursue Navistar
Monday, July 1, 2019 - 1:23pm | 920Volkswagen's (U.S. OTC: VLKAF) long-awaited truck initial public offering (IPO) has been realized as shares of its now public heavy-truck and bus unit TRATON SE are trading on the Frankfurt Stock Exchange and Nasdaq Stockholm under the ticker 8TRA. The on-again, off-again share offering paves the...
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Navistar Putting More Money To Work In Alabama
Monday, June 17, 2019 - 12:54pm | 493Medium- and heavy-duty truck manufacturer Navistar (NYSE: NAV) announced plans to invest $125 million in new and existing facilities in Alabama. NAV plans to make the investments over the next three years. NAV already manufactures the International brand of diesel engines at its Huntsville plant....
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Navistar Moving Higher On Increased Outlook
Tuesday, June 4, 2019 - 1:19pm | 808On its earnings call, Lisle, Illinois-based truck manufacturer Navistar (NYSE: NAV) walked through its earnings outperformance and provided some highlights on the business and its increased guidance. The medium- and heavy-duty truck manufacturer reported that adjusted net income increased 57...
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Navistar's Earnings Ahead Of Estimates, Raises Guidance
Tuesday, June 4, 2019 - 10:13am | 446Navistar (NYSE: NAV), a medium- and heavy-duty truck manufacturer, reported fiscal second quarter 2019 adjusted earnings per share of $1.06 compared to NASDAQ's consensus estimate of $0.88 per share. Additionally, the company raised its earnings guidance for fiscal 2019. Adjusted results exclude a...
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Navistar To Settle Class Action For $135 Million Over Defective MaxxForce Engines
Thursday, May 30, 2019 - 11:37am | 362Navistar International Corp (NYSE: NAV) has agreed to pay $135 million to truck owners to settle class action complaints over defective MaxxForce engines. The proposed settlement, which must be approved by the U.S. District Court for the Northern District of Illinois, covers owners of...
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Navistar Moves Higher On Volkswagen's Planned Truck IPO
Tuesday, May 14, 2019 - 4:53pm | 600Shares of Navistar (NYSE: NAV) have moved higher for the second straight day on news that Volkswagen AG is planning to take the Traton SE truck group public. NAV has a strategic alliance with Traton (formerly Volkswagen Truck & Bus AG) to jointly collaborate on engine technology, provide...
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Navistar Recalls More Than 24,000 International-Brand Trucks For Exhaust Pipe Defect
Tuesday, April 2, 2019 - 3:45pm | 249Navistar International Corp (NYSE: NAV) recently recalled more than 24,000 International model heavy-duty trucks due to a possible defect that could cause the exhaust tail pipe to fall off the vehicles while they are moving, increasing the likelihood of a crash. The Lisle, Illinois-based truck...
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Barron's Picks And Pans: Apple, Exxon, Morgan Stanley And More
Sunday, January 6, 2019 - 10:06am | 699This weekend's Barron's cover story shows how to find yields of up to 10 percent in the year ahead. Other featured articles examine the prospects for the iPhone maker after last week's debacle and for S&P 500 bargains. Also, a cheap aircraft-leasing company, a truck maker turns...
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Very Different Expectations For HD Supply And Navistar Earnings
Monday, June 5, 2017 - 10:02am | 599Reports from two potential infrastructure plays will be among highlights this slow earnings week. Wall Street analysts are looking for solid top and bottom line growth from one of them. The other is expected to offer up another net loss for its most recent quarter. Only a handful of notable...
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JPMorgan Comments On April Class 8 Engine Factory Shipments Share Data
Wednesday, June 1, 2016 - 9:49am | 462JPMorgan's Ann Duignan commented on the Ward's Automotive's Class 8 engine market share data and its impact on Navistar International Corp (NYSE: NAV), PACCAR Inc (NASDAQ: PCAR) and Cummins Inc. (NYSE: CMI). According to Ward's data, Navistar's share of Class 8 truck engine...
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The Fall Of Volkswagen: How Analysts Are Reacting
Tuesday, September 22, 2015 - 1:15pm | 748Shares of Volkswagen AG (ADR) (OTC: VLKAY) plunged to new 52-week lows of $24.40 on Tuesday. Investors and traders continue reacting to the negative headlines that the company manipulated its emissions standards data. Volkswagen stated it will fully cooperate with regulators, as emissions under...
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Consumer Confidence And Housing Data Take A Back-Seat To Markets
Tuesday, June 24, 2014 - 4:36pm | 2263U.S. stocks declined as the recent round of violence in Iraq may have escalated following reports that Syrian warplanes conducted raids in western Iraq, killing at least 50 people. The CBOE Volatility Index, also referred to as the "fear index", rose more than ten percent, trading...
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Market Wrap For March 19: Yellen Hints of Higher Rates & Sooner Than Expected End To Taper
Wednesday, March 19, 2014 - 6:03pm | 2470The Fed announced that it will increase its tapering by a further $10 billion in addition to dropping the 6.5 percent unemployment rate threshold which has been the target rate to hike the Fund Funds rate. Thirteen of 16 Fed officials expect the Fed Funds rate to rise by the end of 2015. The...
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Market Wrap For March 5: Markets Calm Following Tuesday's Massive Rally
Wednesday, March 5, 2014 - 5:40pm | 2368U.S. stocks were little changed on Wednesday as investors found no new catalysts to maintain a bull rally, especially ahead of Friday's employment report and no new major developments arising from the Ukraine/Russia stand-off. The Beige Book, released at 2:00 pm, confirmed what most already...
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Barron's Recap: 2014 Roundtable: The Good, Bad And Ugly
Sunday, January 19, 2014 - 2:21pm | 780This weekend in Barron's online: part one of the 2014 Barron's Roundtable, how the Barron's stock picks for 2013 fared, and the prospects for Denbury Resources, The Gap, Dean Foods and more. Cover Story "The Good, Bad and Ugly: A Guide to 2014" by Lauren R. Rublin. It seems the Barron's...