Deals
Navistar Unveils Crane-Carrying Behemoth Truck in Turnaround Bid
- Icahn-backed company refocuses on construction-vehicle segment
- Wall Street investors watching bonds as `liquidity risks' loom
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Navistar International Corp. is introducing its first new trucks in six years, just as Wall Street is wondering if the company that counts billionaire Carl Icahn as its biggest investor has enough cash to survive.
At the World of Concrete trade show in Las Vegas on Monday, Navistar was scheduled to unveil a line of premium work trucks called International HX. With up to 600 horsepower, the behemoths are designed to roar around construction, mining and drilling sites with specialized equipment like cranes or cement mixers mounted on their backs.