OEM quarterly round-up
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.