Navistar closing Texas truck plant, 900 jobs gone

Navistar International announced Tuesday plans to shut down its Garland, Texas plant and pink slip 900 workers, moving its production to plants in Mexico and Ohio. The Garland plant opened in 1967 and is one of that city's largest employers. The Lisle, Ill.-based company has faced setbacks on non-EPA-compliant engines prompting a management shakeup and other layoffs. The closure is expected to save the company $25 to $35 million annually.

Chicago Tribune

The Dallas Morning News

Fort Wayne's Navistar location in final days

Navistar's pullout from Fort Wayne, Indiana to Lisle, Illinois is winding down, with about 20 employees remaining at year's end from approximately 1,400 two years ago. A Journal Gazette article likened the generous bonus package distributed to remaining workers to "combat pay." While 250 workers at the former testing facility transferred to the new Chicago-area headquarters, the remainder were thrust into unemployment or early retirement.

Navistar bows to Icahn's management demands

Carl Icahn

Billionaire investor Carl Icahn's insistence upon management changes bore fruit Monday as Navistar International Corp. announced board replacements. Last month, Icahn called the troubled truck-maker a “poster child for abysmal business decisions and poor corporate governance.”

Chicago Tribune

Forbes

Overdrive

Engine Orders Strong, Navistar Says

"An executive with Navistar Inc. said the company has received orders for nearly 50,000 International trucks with its 2010-compliant MaxxForce engines and already has shipped 26,000 of them to customers.

The company also said last week it expects strong earnings for the full fiscal year."

--Transport Topics Online