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Stock Market & Financial Investment News

News Breaks
February 19, 2013
19:30 EDTNAV, RAILFreightCar America sub-leases railcar manufacturing facility from Navistar
FreightCar America (RAIL) announced that it has sub-leased approximately 25% of Navistar's (NAV) Cherokee, Alabama manufacturing facility. FreightCar is preparing the Shoals facility for operation, with the first deliveries of new railcars expected in 2H. When fully operational, the facility will have the capacity to build over 7,000 railcars per year. In connection with the transaction, the company also entered into several related agreements with Navistar for the supply of parts and production support services and the purchase of production equipment at the Shoals facility. The company expects to invest up to $23M to equip and make the facility operational.
News For RAIL;NAV From The Last 14 Days
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March 24, 2015
15:37 EDTNAVGabelli raises stake in Navistar to 12.3% from 11.21%
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08:44 EDTNAVCommercial vehicles peak cycle concerns overdone, says RW Baird
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March 19, 2015
11:39 EDTNAVNavistar management to meet with Jefferies
Meeting to be held in Louisville, KY on March 25 hosted by Jefferies.
March 18, 2015
10:00 EDTNAVOn The Fly: Analyst Downgrade Summary
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08:35 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley
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06:33 EDTNAVNavistar downgraded to Underweight from Equal Weight at Morgan Stanley

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