|Bid||33.00 x 900|
|Ask||33.36 x 1000|
|Day's Range||32.91 - 33.82|
|52 Week Range||15.01 - 38.00|
|Beta (5Y Monthly)||2.57|
|PE Ratio (TTM)||18.00|
|Earnings Date||Sep 02, 2020 - Sep 07, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Oct 24, 2001|
|1y Target Est||32.88|
Cummins (CMI) will provide medium-sized and heavy-duty large-bore engines for foreign trucks and IC buses to Navistar (NAV) in the United States and Canada.
Navistar International Corp. (NYSE: NAV), is streamlining its executive lineup under new President and CEO Persio Lisboa.The holding company of International Trucks and IC Buses named Friedrich Baumann as president of Sales, Marketing and Aftersales. He will oversee the full range of commercial processes for customers and dealers. Baumann, who joined Navistar from Daimler Trucks North America in 2018, previously was president of Aftersales/Alliance Management.Baumann continues as liaison with Volkswagen AG's TRATON Group. The holding company for Volkswagen AG's truck brands works with NAvistar on purchasing and powertrain programs. TRATON in January made an unsolicited $2.9 billion bid for the 83% of Navistar stock it does not already own.Baumann succeeds Michael Cancelliere, who is retiring after 40 years at Navistar."It is crucial that both our dealer network as well as the brand are growing and moving in the same direction to serve our joint customers better than anybody else," Baumann told FreightWaves in a December 2019 interview.Returning to The Fold Robert Walsh rejoins Navistar from Sears Holdings Corp., where he was vice president and chief procurement officer after 15 years at Navistar. He will be vice president of Emerging Technologies, Strategy, and Planning. That includes managing a partnership with TuSimple to bring a Level 4 autonomous truck to market by 2024. Walsh also will lead the development of Navistar's newest business unit, NEXT eMobility Solutions as well as the Strategy and Planning group steering the Navistar 4.0 business strategy.Walsh formerly was president of Navistar Defense, 70% of which Navistar sold to affiliates of Cerberus Capital Management in December 2018.Phil Christman, president of Operations, adds Navistar's global operations, including Brazil, Mexico and the Global Export business, to his portfolio. Christman continues to oversee procurement, product development, manufacturing and supply chain."I'm confident they are the right leaders to accelerate the pace of our progress toward our Navistar 4.0 business strategy," said Lisboa, who succeeded Troy Clarke as CEO on July 1. Clarke was named CEO and President in April 2013. He continues in the new role of Executive Chairman.Related articles: Persio Lisboa will be Navistar's President and CEONavistar to sell driverless semis in 2024Navistar will build Industry 4.0-ready truck plantClick for more FreightWaves articles by Alan Adler.Photo by Florian Steciuk on UnsplashSee more from Benzinga * LATAM Kicks Off Miami-Brazil Cargo Flight * Rejection Rates Fall For Fourth Day In A Row – FreightWaves NOW * Weekly Fuel Report: August 10, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Navistar International Corporation (NYSE: NAV) today announced a series of executive appointments under the leadership of President and Chief Executive Officer Persio Lisboa, effective immediately.