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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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November 19, 2014
09:01 EDTNAVCleveland Research is more cautious on Navistar
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November 18, 2014
16:07 EDTNAVCompass Minerals names Matthew Foulston new CFO
Compass Minerals (CMP) announced that Matthew J. Foulston will join the company as CFO effective Dec. 2. Foulston comes to Compass Minerals from Navistar International (NAV) in Chicago where he was the senior vice president of operations and corporate finance. Previously, he was the vice president and chief financial officer at Navistar Truck. He also served as senior vice president and chief financial officer at Mazda North America and held several leadership positions at Ford Motor Company in Germany, the U.K. and the U.S.
November 12, 2014
06:49 EDTRAILFreightCar America sees 2014 unit delivery projections of 7,000
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