Navistar tallies $185M rise in metals costs; faces delisting

Dec 15, 2006 | 11:43 AM | Philip Burgert

Truck and engine manufacturer Navistar International Corp., Warrenville, Ill., said its steel and precious metals costs had increased $185 million for the year-to-date through Oct. 31, while warning that the company would face delisting by the New York Stock Exchange after missing deadlines for financial reporting.

Navistar executives also said in a conference call with analysts that they anticipate a sharp drop-off in the truck and engine markets in 2007 and that they are aiming to continue a focus on global sourcing that has moved $540 million of sourcing offshore this year with a goal of gaining 70 percent of their cuts from materials costs.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results