|Bid||22.29 x 900|
|Ask||22.31 x 800|
|Day's Range||22.25 - 23.55|
|52 Week Range||22.25 - 43.66|
|Beta (3Y Monthly)||1.97|
|PE Ratio (TTM)||6.96|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Daimler Trucks North America (OTC: DMLRY ) is creating a customer experience organization that builds on annual Customer Experience Day exercises started two years ago. The unit of Stuttgart, Germany-based ...
After seeing a $31 million jury award against Navistar International (NYSE: NAV) wiped out by a Tennessee appeals court last week, Milan Supply Chain Solutions is confident it can convince the state's highest court it should get it back. A three-judge panel sitting on Tennessee's Court of Appeals reversed a 2017 trial court decision that awarded Milan over $10 million in compensatory damages and $20 million in punitive damages against the truck manufacturer for selling over 200 trucks with defective MaxxForce engines to the Milan, Tennessee-based truckload and logistics company.
The simmering trade war between the United States and China is the greatest ongoing risk to commercial vehicle forecasts, according to ACT Research. In addition to matching U.S. tariffs on Chinese goods, the Chinese use their renminbi currency (RMB) to make American imports more expensive. "Since the first ‘shots' of the trade war were fired on March 1, 2018, the RMB has fallen 12 percent versus the U.S. dollar," said Kenny Vieth, ACT president.
The location allows the new facility to accept next-day air orders up until 10 p.m. central standard time, which FedEx can then process that same night for next-day, early morning delivery.
"Due to the cyclical nature of the business, we will be reducing line rates at our Springfield [Ohio] Assembly Plant," spokeswoman Lyndi McMillan told FreightWaves on Wednesday, August 15. The cutbacks are in Class 5-7 medium-duty trucks, whose industry-wide inventories are ballooning even as retail sales are up 6 percent year to date through June, according to ACT Research. The issue is a 30 percent increase in inventory – 55,400 unsold medium-duty trucks in June compared to 42,700 the same month in 2018.
Troy Clarke has been the CEO of Navistar International Corporation (NYSE:NAV) since 2013. This report will, first...
The trouble began in the late 2000s when Navistar decided to use exhaust gas recirculation, or EGR, to control nitrous oxide (NOx) emissions from its heavy-duty trucks equipped with MaxxForce 11- and 13-liter engines. It wrote off almost $500 million to cover used trucks it repurchased from angry customers and resold at a loss. The MaxxForce engines tarnished Navistar's reputation.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
TRATON CEO Andreas Renschler told the German newspaper Handelsblatt that owning 16.8 percent of Navistar's stock and controlling two board seats is sufficient. David Leiker, senior research analyst at Robert W. Baird & Co., said TRATON, formerly the Truck & Bus Group of Volkswagen, has made similar comments since paying $256 million in September 2016 for its stake in Navistar. "In the past, comments suggesting a longer process for acquiring Navistar have created pullbacks in Navistar's stock, and today is no different," Leiker wrote in a note to investors.
Navistar International Corp NYSE:NAVView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for NAV with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting NAV. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, growth of ETFs holding NAV is favorable, with net inflows of $3.78 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. NAV credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Navistar Inc. (NYSE: NAV) is recalling 209 International HV severe-duty trucks because a lack of lubrication in the wheel hub assembly could lead a wheel to separate from the axle. Navistar said it knows of two cases where a wheel came off the axle of a 2020 HV model. Supplier Meritor Inc. (NYSE: MTOR) is responsible for the issue.
Volkswagen'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. Shares of TRATON began trading on June 28, 2019, opening at 27 euros per share, the low-end of the 27 to 33 euro range anticipated before the deal roadshow. The stock price values TRATON at roughly 13.5 billion euros, which is well below the high-end of the expected range, which topped out at 16.5 billion euros.
Volkswagen's (U.S. OTC: VLKAF) initial public offering of its heavy-truck unit TRATON SE has come to fruition, albeit at the low-end of the anticipated price range. Before the offer period began, Volkswagen's management team seemed confident that the 10 percent offering of its truck division would garner between 27 to 33 euros per share. TRATON's shares began trading on June 28, 2019 on the Frankfurt Stock Exchange and Nasdaq Stockholm under the ticker 8TRA.
Traton made a lacklustre start on its debut on Friday, as shares in Volkswagen's truck unit slipped below their initial public offering price. The stock opened at 27 euros ($30.75), the IPO price in Europe's second-largest listing of the year, before slipping to trade as much as 2.4 percent lower. Weak demand for German listings had forced VW to scale back its Traton IPO and it had already priced the offering at the low end of its target range.