Profile: Navistar International Corp (NAV.N)
Navistar International Corporation (NIC), incorporated in 1993, is a holding company, whose principal operating subsidiaries are Navistar, Inc. and Navistar Financial Corporation (NFC). The Company is a manufacturer of International brand commercial and military trucks, IC Bus (IC) brand buses, MaxxForce brand diesel engines, Workhorse Custom Chassis (WCC) brand chassis for motor homes and step vans, and Monaco RV (Monaco) recreational vehicles (RV), as well as a provider of service parts for all makes of trucks and trailers. In addition, it is a private-label designer and manufacturer of diesel engines for the pickup truck, van and sport utility vehicle (SUV) markets. It also provides retail, wholesale, and lease financing of trucks and parts. NIC operates in four segments: Truck, Engine, Parts and Financial Services. In February 2013, Mahindra And Mahindra Ltd purchased the Navistar Group's stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL).
The Truck segment manufactures and distributes a line of Class 4 through 8 trucks and buses in the common carrier, private carrier, government/service, leasing, construction, energy/petroleum, military vehicles, and student and commercial transportation markets under the International and IC brands. This segment also produces chassis for motor homes and commercial step-van vehicles under the WCC brand and RVs, including non-motorized towables, under the Monaco family of brands. The Truck segment’s manufacturing operations in the United States, Canada and Mexico consist of the assembly of components manufactured by suppliers, although this segment also produces certain sheet metal components, including truck cabs. This segment also engages in various strategic joint ventures, including Blue Diamond Truck (BDT), Mahindra Navistar Automotives, Ltd. and NC2 Global, LLC (NC2).
The Engine segment designs and manufactures diesel engines across the 50 through 475 horsepower range for use primarily in its Class 6 and 7 medium trucks, military vehicles, buses, and Class 8 heavy truck models, and for sale to original equipment manufacturers (OEMs) in North and South America for SUVs, pick-ups, and other consumer and specialty vehicle products. This segment also sells engines for industrial and agricultural applications, supplies engines for WCC, Low-Cab Forward (LCF), Class 5 vehicles, and produces MaxxForce 11 and 13 Big-Bore engines. This segment engages in various strategic joint ventures to further its product reach to the global markets. The Engine segment has manufacturing operations in the United States, Brazil and Argentina. Its diesel engines are sold under the MaxxForce brand, as well as produced for other OEMs.
The Parts segment supports the Company’s brands of International commercial and military trucks, IC buses, WCC chassis, MaxxForce engines, as well as other product lines, by providing customers with products together with a selection of other standard truck, trailer and engine service parts. It distributes service parts in North America and the rest of the world through the dealer network that supports Truck and Engine segments.
Financial Services Segment
The Financial Services segment provides retail, wholesale and lease financing of products sold by the Truck and Parts segments, and their dealers within the United States and Mexico. All revenues earned by the Financial Services segment are derived from supporting the sales of its vehicles and products. During fiscal 2010, it entered into a three-year Operating Agreement with GE Capital Corporation and GE Capital Commercial, Inc.
The Company competes with PACCAR Inc., Ford Motor Company, Freightliner, Western Star, Volvo, Mack, BAE systems, Force Protection Inc, General Dynamics Land Systems, General Purpose Vehicles, Oshkosh Truck, Protected Vehicles Incorporated, Isuzu Motors America, Inc., Nissan Diesel America, Inc., Mitsubishi Motors North America, Inc., Coachman Industries, Inc., Winnebago Industries, Kenmex, Mercedes Benz, Cummins Inc., Caterpillar Inc., Isuzu, Hino, Navistar, Inc., Toyota, Fiat Powertrain, Scania, Volvo, New Holland, Ford, Sisu Diesel and John Deere.
Navistar International Corp
2701 Navistar Drive
LISLE IL 60532