Thursday, August 30, 2012

EPA cuts Navistar some slack in engine debacle

Navistar gets reprieve on engines that don't meet emissions rules
"The U.S. Environmental Protection Agency said Thursday that it will allow manufacturers to sell diesel engines that don't meet federal emission standards."

Chicago Tribune


Navistar to take $40-$60 million restructuring charge
"The company, which is struggling to win U.S. regulatory approval for a new generation of diesel engine, earlier this month said it was planning to cut jobs through a voluntary separation program."

Reuters


Navistar faces time crunch on new engine development

"Navistar International’s ability to hit its early 2013 engine rollout target depends largely on when the company began regulatory certification efforts..."

Financial Times