the operations of its wholly-owned subsidiary, International Indústria de Motores da América do Sul Ltda. (IIAA) (formerly MWM International Industria De Motores Da America Do Sul Ltda. (MWM)) in Brazil and its truck and parts export businesses under the International and IC brands. IIAA operates in the South American mid-range diesel engine market, manufacturing and distributing mid-range diesel engines and providing customers with additional engine offerings in the agriculture, marine, and light truck markets. Additionally, the company also sells its engines to original equipment manufacturers (OEMs) for various on-and-off-road applications. The company offers contract manufacturing services under the MWM brand to OEMs for the assembly of their engines, particularly in South America. Additionally as part of its IIAA operations, the Global Operations segment has engine manufacturing operations in Argentina. The company also sells International and CAT branded trucks through its alliance with Caterpillar Inc. (Caterpillar). The company’s commercial products are marketed through its independent dealer network, which offers a comprehensive range of services and other support functions to its end users. The company’s commercial trucks are distributed in certain markets through its distribution and service network of retail outlets, which is comprised of 361 international locations, as of October 31, 2014. The company distributes service parts internationally through its dealer network, as well as through direct shipments. The Global Operations segment has engaged in various strategic joint ventures to further its reach to global markets, which include its joint venture in China with Anhui Jianghuai Automobile Co (JAC). The joint venture focuses on meeting the needs of the Chinese commercial truck market by providing JAC with access to Navistar's Euro IV and Euro V emission standard technologies. In Brazil, IIAA engine competes with Mitsubishi and Toyota in the Mercosul pickup and SUV markets; Cummins, Mercedes Benz, and Fiat Powertrain (FPT) in the light and medium markets; Mercedes Benz, Cummins, Scania, MAN, Volvo, and FPT in the heavy market; Mercedes Benz in the bus market; New Holland (a subsidiary of CNH Global N.V.), Sisu Diesel (a subsidiary of AGCO Corporation), and Deere & Company in the agricultural market; and Scania and Cummins in the stationary market. In its primary truck and parts export markets of South America, the company competes with truck manufacturers, including PACCAR, Freightliner, and Mack. Financial Services segment The Financial Services segment provides and manages retail, wholesale, and lease financing of products sold by the North America Truck and Parts segments and their dealers within the U.S. and Mexico. The company also finances wholesale and retail accounts receivable. The Financial Services segment provides and manages financing to its customers in U.S. and Mexico markets by arranging funding sources, while working to mitigate credit losses and impaired vehicle asset values. NFC provides wholesale financing for 100% of new truck inventory sold to its dealers and distributors in the U.S. through the customary free interest period offered by Navistar, Inc. The Financial Services segment manages the relationship with Navistar Capital (an alliance with GE Capital) which is its preferred source of retail customer financing for equipment offered by the company and its dealers in the U.S. This segment also facilitates financing relationships in other countries to align with the company's global operations. Regulations The company is subject to the National Traffic and Motor Vehicle Safety Act (Safety Act) and Federal Motor Vehicle Safety Standards (Safety Standards) promulgated by the National Highway Traffic Safety Administration (NHTSA). History Navistar International Corporation was founded in 1902.
navistar international corp
(NAV:New York Consolidated)
2701 Navistar Drive
Lisle, IL 60532
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