WARRENVILLE, Ill. — Navistar International has decided to organize its truck segment into four business units: North American Truck Operations, Global Truck Operations, Global Bus Operations and Navistar Defense.
The reorganization is expected to enhance the company’s competitiveness around the world and strengthen its core businesses in North America.
Further definition of the new organization structure and appointment of executives will take place over the next two months. The changes will involve some targeted job reductions as functions are consolidated and streamlined to align with market conditions, but numbers have not been determined.
“We are organizing our truck segment to better capitalize on the momentum and opportunities ahead for Navistar in our core markets and around the world,” said Dan Ustian, Navistar chairman, president and CEO. “Just a few years ago we set the goal to double our revenue to become a $15 billion company by 2009, and we are on the brink of achieving that mark despite one of the worst North American truck markets in recent history and the overall hardship of the U.S. economy.”
North American Truck Operations will focus on products, operations and sales for the U.S., Canada and Mexico. The manufacturers long-haul trucks – International ProStar and LoneStar – will continue to be featured, as well as diesel hybrid medium trucks.
Global Truck Operations will see products developed specifically for each region’s unique needs. These efforts will include expanding Navistar’s export operations and further development and implementation of Navistar’s joint venture with Mahindra, as well as a proposed joint venture with Caterpillar.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.