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Navistar International Corporation Message Board

  • ina.vestigate May 23, 2013 12:59 PM Flag

    Engine Plant Closure

    March 2013 - NAV announced they were cutting engine production. Which plant is closing?
    Chicago or Alabama?

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    • ina.vestigate Sep 4, 2013 12:23 PM Flag

      6 months later - still no announcement of which engine plant will be closed.

    • Bad, Bad, Bad. All Bad and no positives except parts.

      • 2 Replies to danthemanustian
      • hate to burst your bubble...but parts is a farce. they gave away huge incentives in may to pull forward millions in parts inventory by april 30 for dealers to load up. you don't see dealer parts inventory on the 10k only stock truck inventory which is also growing. the $50mm increase was likely dealer stock up inventory for 3-6 months advance supply. 3rd quarter will be the pull forward dealer stock inventory of new units and trade values will be lost in the mix. fortunately they appear to have analysts in their back pocket because they just lost their #$%$ and received no downgrades and several upgrades for promising to be profitable in two years. carl icahn must have dirt on everyone or this allows them to move out of their positions while the stock leaks down. 7 buy reiterations and upgrades and the stock fought to stay up today but melted under the institutional buddies who exited their postions under cover of upgrades.

        Sentiment: Strong Sell

    • lislewatchdog Jun 11, 2013 11:52 AM Flag

      Announcement for closure/consolidation of engine plant(s) by end of year per conf. call yesterday.
      Reference was made to "older equipment"..

      NAV claims to have invested $90 M into the renovation of the Melrose engine plant in the past 2 yrs to relocate engineering/testing for engines and trucks from Fort Wayne so would they still close the "older" facility?

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