USA: Navistar reports wider Q1 loss on soft demand
Navistar, the US-based heavy-duty truck manufacturer, has reported a net loss of $56 million, or 93 cents a share, in the quarter ended Jan. 31. That compares with a year-earlier loss of $35 million, or 58 cents. Navistar has been battling with tough market conditions for freight trucks in the US over the past year. The US market is suffering from a glut of nearly new trucks and inventory at all the main truck makers has been high, compounding the adverse impact on the industry and market of a slowing economy.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable