providing and managing financing to its customers in the 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 the company’s dealers and distributors in the U.S. through the customary free interest period offered by the company’s operating entity, Navistar, Inc. This segment manages the relationship with Navistar Capital. Through November 2015, Navistar Capital was an alliance with GE Capital Corporation and GE Capital Commercial, Inc. pursuant to the terms of an operating agreement entered into in 2010. Navistar Capital is the company’s third-party preferred source of retail customer financing for equipment offered by the company and its dealers in the U.S. Government Contracts As a U.S. government contractor, the company is subject to specific regulations and requirements as mandated by its contracts. These regulations include Federal Acquisition Regulations, Defense Federal Acquisition Regulations, and the Code of Federal Regulations. The company is also subject to routine audits and investigations by the U.S. government agencies, such as the Defense Contract Management Agency and Defense Contract Audit Agency. Dispositions In December 2015, General Electric Company closed the sale of its GE Capital Transportation Finance business in the U.S. and Canada to BMO Financial Group and its wholly-owned subsidiary, BMO Harris Bank N.A. In April 2015, the company sold its foundry operations (that manufactured engine components - mainly blocks, heads, and other engine components) in Waukesha, Wisconsin and closed its foundry in Indianapolis, Indiana. In 2014, the company sold the E-Z Pack and Continental Mixer businesses. Government Regulation The company is subject to the National Traffic and Motor Vehicle Safety Act and Federal Motor Vehicle Safety Standards promulgated by the National Highway Traffic Safety Administration. History Navistar International Corporation was founded in 1902. The company was incorporated under the laws of the state of Delaware in 1993.
navistar international corp
(NAV:New York Consolidated)
2701 Navistar Drive
Lisle, IL 60532
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