Navistar International trims quarterly loss
Mar 07, 2013 | 02:05 PM
| Corinna Petry
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Navistar International,
earnings report,
Lewis Campbell,
inventories,
divestitures,
Corinna Petry
CHICAGO — Class 8 truck and engine builder Navistar International Corp. posted a $123-million loss in its fiscal first quarter, down 19.6 percent from a $153-million loss a year earlier, on sales that shrank 12.4 percent to $2.64 billion.
The decline in revenue reflected lower overall industry demand and lower market share as a result of the company’s clean-engine strategy transition. ....
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