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December 18, 2012
05:09 EDTNAVManhindra acquires Navistar's stake in India joint ventures for $33M
Mahindra & Mahindra and Navistar International announced that Mahindra intends to purchase Navistar Group's stake in Mahindra Navistar Automotives and Mahindra Navistar Engines. Mahindra would take complete ownership of operations and continue to sell MNEPL and MNAL products. The sale is expected to be completed in early 2013. The terms of the proposed transaction call for Mahindra to pay approximately $33M for Navistar Group's stake in both ventures. The agreement allows Navistar to continue sourcing components from India while Mahindra would continue to provide engineering services to Navistar. Navistar group would continue to support M&M through a license agreement and extend necessary support to MNAL and MNEPL for the purposes of business continuity.
News For NAV From The Last 14 Days
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July 27, 2015
10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:52 EDTNAVNavistar Celadon Group finalized remaining 7,950 orders from Quality Companies
International Truck (NAV) announced it has finalized the remaining 7,950 orders from Quality Companies, a wholly owned subsidiary of Celadon Group (CGI). The 9,000 vehicle commitment consists primarily of International ProStar and LoneStar vehicles powered by Cummins ISX-15 engines, and will be spread across the next three years.
06:43 EDTNAVNavistar downgraded to Sell from Neutral at Goldman
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July 21, 2015
08:36 EDTNAVNavistar awarded order for 1,050 tractors
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July 20, 2015
08:22 EDTNAVNavistar refinances $697.5M senior secured term loan facility
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