Navistar have good products in the Military field, but unfortunately a "near enough is good enough" mentality for other things.Ī Management change would be the best thing for the Company. What company in their right mind would have approved these two monstrosities? This financial year they lost roughly US $500 million on their Truck and engine operations. Not only are they having/had disputes with Ford, Volvo, Daimler and the EPA their Co-operative agreement with CAT as regards the NC2 operation seems to be coming unglued. Generally this whole sorry mess with Navistar is it's own making. Worse performing Truck makes are Freightliner, Navistar and CAT trucks in that order. Volvo (which includes Mack) is 2nd on the most bought Heavy truck make in Australia.(Volvo does not offer Cummins here) Mack uses a lot of Volvo/Renault truck parts.(it does Offer Cummins engines) It is now building its own engine based on the Volvo block. More mixed, Kenworth or more correctly Australian Kenworth with its own models and more than 50 % difference to the US Kenworth. They are two very separate companies and bitter rivals in the Al from OZ. So far, he has not been able to influence either Scania and MAN have nothing whatsoever to do with VW. In fact, some reports speculated that he wanted Navistar and Oshkosh to merge in order to be a stronger company, more resistant to this type of purchase.
What happens to Navistar will be interesting to watch, as activist investor Carl Icahn recently upped his stake in both Navistar and Oshkosh in the past year. market could produce some interesting options for medium-duty truck buyers in the future.
Regardless of what happens, the fact that VW is looking for more heavy-truck influence in the U.S. The company said it disagrees with the current ruling and will most likely appeal.Īs a result of the ruling and a rough first quarter of sales, Navistar stock has fluctuated quite a bit, possibly making the company an even more attractive "partner" for a company like VW. Navistar has said it paid as much as $10 million in the first quarter of this year. The EPA gave Navistar a special exception, penalizing the company as much as $2,000 per engine sold that does not meet the emissions regulation. The lawsuit was brought on behalf of Navistar's competitors, which said they had to spend hundreds of millions of dollars in technology and research to meet the stricter 2010 diesel engine requirements. VW has not made any announcements about its intentions, but it doesn't hurt that Navistar stock took a big hit this week as a court ruling went against the heavy-truck and engine builder, determining the company will not be able to continue paying fines to the EPA for not complying with the stricter 2010 federal emissions regulations. The Navistar connection at this point is just speculation. To date, VW owns Swedish heavy-duty truck maker Scania and MAN SE, but neither one has a substantial presence in this market.
In fact, a German financial newspaper reported over the weekend that Volkswagen could be interested in purchasing Navistar International to compete better with Volvo, Mack and Freightliner in the profitable U.S. market to compete better with prime rival Daimler AG (which owns Freightliner). heavy-duty equipment and engine maker to make stronger inroads into the U.S. heavy- or medium-duty truck market? We might get to find out if some of the rumors we're hearing are even partially true.Īutomotive News reported that Volkswagen AG is looking for a U.S. What kind of Class 3, 4, and 5 trucks would Volkswagen make if they had a strong foothold in the U.S.
0 kommentar(er)
