Navistar reports $62 million first quarter loss
LISLE, IL - Navistar has announced a first quarter 2017 net loss of $62 million. Declining 6% compared to the first quarter of 2016, revenues in the first quarter of 2017 were $1.7 billion. The decline is attributed to lower truck volumes caused by soft Class 8 heavy industry conditions and decreased global sales. "Our results are on track with our plan for the year, and demonstrate our ability to effectively manage costs at a time of persistent Class 8 industry headwinds," said Troy A. Clarke, chairman, president and Chief Executive Officer (CEO) of Navistar International Corporation.