Navistar, VW promise electric powertrain

ATLANTA, GA - Navistar will bring a medium-duty electric powertrain to the North American marketplace by 2019/20, drawing on technical expertise available through Volkswagen Truck and Bus. "There is an opportunity for electric and electric vehicles in the North American market," said Troy Clarke, chairman, president, and Chief Executive Officer, referring specifically to the Class 6/7 segment. "It is still in the early stages of the product development cycle there, but that's the target." Volkswagen officially secured a 16.6% stake in the company in March, and is already expected to bring a big bore diesel powertrain to North America by 2021 in addition to sharing other technologies. It won't be Navistar's first foray into electric vehicles. The company launched its Class 3 eStar van several years ago, but that model was ahead of its time, Clarke said in a presentation during the North American Commercial Vehicle Show. MAN, a European nameplate owned by Volkswagen, recently released an electric truck of its own in the form of the eTruck.

Navistar board names Clarke chairman

LISLE, IL - Navistar has elected Troy A. Clarke, the company's president and Chief Executive Officer, as the latest chairman of the board. Clarke replaces the retiring James H. Keyes, in a shift that became effective at the company's annual shareholder meeting on February 14. Keyes has served as non-executive chairman since April 2013. General Stanley A. McChrystal (ret) was elected as an independent lead director. "It has been a pleasure to serve on the board for the last four years, and I am honored to have been elected chairman," said Clarke. "This is an exciting time for Navistar, as we pursue our growth strategies highlighted by significant new product launches and our pending strategic alliance with Volkswagen Truck and Bus.