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OEM quarterly round-up

Jason Cannon November 8, 2013

The company announced a third quarter 2013 net loss of $247 million, down significantly from the third quarter 2012 net income of $84 million.

Navistar Chief Operating Officer Jack Allen says the company’s goal is to get its marketshare back to historical levels of 20-plus percent, and the company’s third quarter performance show they are trending in the right direction.

“Truck orders are a blend of dealer and customer orders for near-term fulfillment,” he adds. “There’s little dealer stock on the Class 8 side. It’s sold-order driven. We’re certainly not declaring victory but we’re encouraged by the repeat business.”

For full details from Navistar, click HERE.

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