Navistar International Corporation operates as a manufacturer of International brand commercial and military trucks, proprietary diesel engines, and IC Bus (IC) brand school and commercial buses, as well as a provider of service parts for trucks and diesel engines. The company also provides retail, wholesale, and lease financing services for its trucks and parts. Segments The company operates in four industry segments: Truck, Parts, Global Operations (collectively referred to as ‘Manufacturing operations’), and Financial Services, which consists of the company’s operating entity, Navistar Financial Corporation (NFC) and its foreign finance operations (collectively referred to as ‘Financial Services operations’). Truck This segment manufactures and distributes Class 4 through 8 trucks, buses, and military vehicles under the International and IC brands, along with production of proprietary engines, primarily in the North America markets that include the U.S., Canada, and Mexico. This segment also includes the company’s truck export business under the International and IC brands, as well as products that support the military truck product lines. The proprietary engines produced in North America are primarily used in the company’s trucks and buses. The company’s strategy is to deliver the highest quality commercial trucks, buses, and military vehicles. The company continues to develop its expansion markets, which includes the exportation of its truck and bus products. This segment's manufacturing operations in the U.S. and Mexico consist principally of assembling components manufactured by its suppliers, as well as designing, engineering, and producing certain sheet metal components, including truck cabs, and proprietary engines. In 2013, the company began offering the Cummins ISX15 engine, as well as the Cummins SCR after-treatment system on certain applications of its proprietary engines, and in 2014, the company began offering the Cummins ISB engine in medium duty truck and bus applications. The products that the company sells to the U.S. military are derivatives of its commercial vehicles and allow the company to leverage its manufacturing and engineering expertise, utilize existing plants, and integrate its engines into military vehicles. The company also sells International and CAT branded trucks through its agreement with Caterpillar Inc. (Caterpillar). This segment's manufacturing operations also include the production of diesel engines, which are primarily used in the company’s trucks, and include Pure Power Technologies metalcastings (PPT), which consists of a components business focused on air and fuel systems. The operations at the engine manufacturing facilities consist principally of the assembly of components manufactured by PPT and the company’s suppliers, as well as machining operations relating to steel and grey-iron components, and certain higher technology components necessary for its engine operations. The company markets its commercial products through its extensive independent dealer network in North America, which offers a range of services and other support functions to its end users. The company’s commercial trucks are distributed in all key markets through its distribution and service network retail outlets, which included 745 outlets in the U.S. and Canada and 91 outlets in Mexico, as of October 31, 2015, and its export truck operations, primarily in Latin America. The company occasionally acquires and operates dealer locations (Dealcors) for the purpose of transitioning ownership. As of October 31, 2015, the company operated two Dealcors. In addition, its network of used truck centers and International certified used truck dealers in the U.S. and Canada provides trade-in support to its dealers and national accounts group, and markets all makes and models of reconditioned used trucks to owner-operators and fleet buyers. Competition: In the Mexican diesel engine market, the company’s Classes 4 through 8 trucks with its proprietary 4.8L, 7L, DT, and 9L engines, face competition from Cummins; Isuzu Motors America, Inc.; Hino (a subsidiary of Toyota Motor Corporation); Freigh
navistar international corp
(NAV:New York Consolidated)
2701 Navistar Drive
Lisle, IL 60532
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