CHICAGO Heavy commercial
vehicle manufacturer Navistar Inc. has sold its Navistar RV
subsidiary to Allied Specialty Vehicles Inc. (ASV), which makes
emergency, commercial and recreational vehicles.
Orlando, Fla.-based Allied
Specialty Vehicles purchased all of Navistar RVs equity
interest, including the manufacturing operations for the
R-Vision and Holiday Rambler towable units in Harrisburg, Ore.,
and the Monaco and Holiday Rambler motorized recreational
vehicles in Wakarusa, Ind., and signed a multiyear leasing
agreement for Navistar RVs Elkhart, Ind., facility.
"We continue to focus on our North America core businesses,
and the sale of Navistar RV represents another important step
in our return-on-invested-capital review process," Jack Allen,
chief operating officer of Lisle, Ill.-based Navistar Inc.,
said in a statement. "These are three strong brands with
world-class products, and ASV will be able to create more value
in the business than we could ourselves."