Boston, MA 05/21/2013 (wallstreetpr) – Monday’s trading session saw RNavistar International Corp (NYSE:NAV) down by 0.58%. It closed at a price of $38.03 which reached an intraday high of $38.28 before heading down to close at $37.45 per share. The average volume of 1.36 million was measured over 30 days.
Navistar International Corp (NYSE:NAV) (Closed: $38.03, down by 0.58%) is a holding company. Its wholly principal operating subsidiaries are Navistar Financial Corporation (NFC) and Navistar, Inc. Navistar International Corp (NYSE:NAV) manufactures international brand military and commercial trucks, MaxxForce brand diesel engines, IC Bus (IC) brand buses Workhorse Custom Chassis (WCC) brand chassis. These are used in step vans and motor homes. Some varieties are also used in Monaco RV (Monaco) recreational vehicles (RV). The company is also a provider of various service parts. These service parts are used for all brands of trailers and trucks. In addition to this, Navistar International Corp (NYSE:NAV) is a manufacturer and private-label designer of diesel engines. These engines are specifically used in the vans, pickup trucks and the sport utility vehicle (SUV) markets.
Apart from this, Navistar provides wholesale, retail and lease financing of trucks and various service parts. The company operates in four different segments: Truck, Parts, Engine and Financial Services. In 2013 February, Mahindra And Mahindra Ltd purchased the company’s stake in Mahindra Navistar Automotives Ltd (MNAL) as well as in Mahindra Navistar Engines Pvt Ltd (MNEPL). Amongst others, the company has competitors such as Ford Motor Company, Western Star, Volvo, Mack, Freightliner and Force Protection Inc.
