Navistar Reorganizes Truck Business
To propel momentum of its business strategy around customers, products and growth opportunities, Navistar will organize its truck segment into four business units: North American Truck Operations, Global Truck Operations, Global Bus Operations and Navistar Defense.
The reorganization enhances the company’s competitiveness around the world and strengthens its core businesses in North America, said Dan Ustian, Navistar chairman, president and chief executive officer.
"We are organizing our truck segment to better capitalize on the momentum and opportunities ahead for Navistar in our core markets and around the world,” said Ustian. "Just a few years ago we set the goal to double our revenue to become a $15 billion company by 2009, and we are on the brink of achieving that mark despite one of the worst North American truck markets in recent history and the overall hardship of the U.S. economy. We must look at ways to continue our forward momentum around customers, new products and growth opportunities.”
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