Navistar

Navistar International Corp. is a holding company, which engages in the manufacture of military truck, proprietary diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It operates through the following segments: Truck, Parts, Global Operations, and Financial Services. The Truck segment manufactures and distributes class four through eight trucks, buses, military and government vehicles under the International, and IC Bus (IC) brands, and produces engines under its proprietary brand name and parts required to support the military truck lines. The Parts segment offers proprietary products needed to support the International commercial truck, IC Bus, proprietary engine lines, and export parts business, as well as its other product lines. The Global Operations segment comprises of Brazil engine operations which produce diesel engines under contract manufacturing arrangements. The Financial Services segment includes retail, wholesale, and lease financing of products sold by the truck and parts segments, and dealers within the United States, and Mexico. The company was founded in 1902 and is headquartered in Lisle, IL.

Volkswagen AG

Volkswagen has been locked in a staring contest with Carl Icahn — and Icahn is blinking. Navistar — a US truck manufacturer whose big shareholders include Icahn and his former protege Mark Rachesky, said Friday it's willing to sell itself to Volkswagen's truck-making subsidiary Traton for $44.50 a share — a deal valuing the company.

Volkswagen nearing a deal with Carl Icahn to buy trucking giant Navistar

Why Navistar Stock Roared Ahead 21% Today

Navistar International Corp. (NYSE: NAV) countered TRATON Group's “best and final” $43 a share offer on Friday, telling Volkswagen AG's truck holding company it would need to pay $44.50 a share, or about $3.7 billion, to acquire the company. The counteroffer has the backing of two large Navistar shareholders — billionaire Carl Icahn and financier Mark Rachewski.

Navistar tells TRATON it will accept buyout at $44.50 a share

LISLE, Ill., Oct. 16, 2020 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) issued a response from its Board of Directors to the letter it received from TRATON SE on October 14. Following discussions between Navistar and TRATON, Navistar's Board of Directors confirmed that...

Navistar Board Of Directors Issues Response To Letter From TRATON

Last month, Navistar (NYSE: NAV) announced several technology providers could now use its OnCommand Connection platform through its Gateway Integrations program that allows International and IC Bus customers to continue using their provider of choice. One of those providers is Zonar Systems.

Zonar's collaboration with Navistar about streamlining processes for customers

Editor's Note: Updates throughout with analyst comment and additional background TRATON Group is giving Navistar International Corp. (NYSE: NAV) until noon Friday to accept its $43-a-share bid for the 83% of the company it does not already own.

TRATON Sets Friday Deadline For Navistar Takeover Bid (Update)

Why Navistar Stock Just Dropped 18.5%

Navistar (NAV) reported earnings 30 days ago. What's next for the stock?

Why Is Navistar (NAV) Up 9.8% Since Last Earnings Report?

This big-rig truck merger could be headed for a collision course. Carl Icahn and other key investors in trucking giant Navistar are willing to sell it to a Volkswagen subsidiary for around $50 a share, valuing the maker of International semi trucks at a whopping $5 billion, sources told The Post.

Icahn, ex-protege fuel trucking-merge drama

Carvana

Old Copper Company

Ovintiv

Synchronoss

Mega-cap tech stocks like Apple and Microsoft have seen noticeable declines over the month of September, and this week was no different. For investors looking to make sense of these interesting times, our deep learning algorithms have crunched the data to give you a set of Top shorts.

Top Stocks To Short Today As Tech Attempts A Rebound

Investors need to pay close attention to Navistar (NAV) stock based on the movements in the options market lately.

Are Options Traders Betting on a Big Move in Navistar (NAV) Stock?

Volkswagen's (VWAGY) revised offer to acquire Navistar gets dismissed but talks regarding the same are still on.

Will Volkswagen's Arm Sweeten its Offer to Buy Navistar?

Navistar International stock has rallied a stellar 172% since late March (vs. about 50% for the S&P 500) to its current level of $43.

Is Navistar Stock Fully Priced At $43?

Navistar International Corp. (NYSE: NAV) will open its books to TRATON, which is offering $3.6 billion to take over the truck maker.

Navistar Opening Books To TRATON In Takeover Bid

Navistar International Corp on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction.

Navistar rejects Volkswagen truck unit's buyout offer

LISLE, Ill., Sept. 14, 2020 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today issued a statement from its Board of Directors regarding the revised proposal from TRATON SE.

Navistar Board Of Directors Issues Statement Regarding Revised Proposal From TRATON

Navistar (NAV) & Traton have been collaborating over the past couple of years to make developments in the electric vehicle technology to slash annual costs of both the companies by $200 million.

Navistar Gets $3.6B Buyout Offer From Traton, Shares Pop

As of late, it has definitely been a great time to be an investor Navistar International.

Navistar International's Shares March Higher, Can It Continue?

A sale is still far from certain, sources say, because Traton only made its offer for the Lisle, Ill.-based Navistar public after merger discussions with the board broke down.

Volkswagen unit Traton increases offer to buy Carl Icahn-backed Navistar

Two pieces of positive news about the company dropped following its earnings report on Wednesday.

Why Navistar International Stock Rocketed 20% Higher at the Open Today

LISLE, Ill., Sept. 10, 2020 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) ("Navistar" or "the Company") today confirmed that it has received a revised proposal from TRATON SE to acquire Navistar for $43 per share in cash.

Navistar Confirms Receipt Of Revised Proposal From TRATON

Shares of Navistar International Corp. NAV, +16.50% soared 16.5% toward a two-year high in morning trading Thursday, after Germany-based Volkswagen AG's VLKAF, +0.02% VOW, +0.24% subsidiary Traton SE raised its bid to buy the truck maker by about 23% to $3.6 billion.

Navistar's stock soars toward 2-year high after Volkswagen's Traton raises buyout bid by about 23%

Volkswagen's trucks arm Traton on Thursday increased its takeover offer for U.S. peer Navistar to $43.00 per Navistar share, up from $35 per share.

VW's trucks arm Traton sweetens Navistar offer to $43 per share

Navistar (NAV) intends to roll out additional cost-saving measures in order to bring down its SG&A costs within the 7-9% range of revenues in the near future.

Navistar (NAV) Q3 Loss Narrower than Expected, Revenues Lag

Navistar International Corp. (NYSE: NAV) will build electric trucks on the same assembly line as diesel models at a new plant in San Antonio beginning in the spring of 2022.

News for Navistar Stock (NAV)