Navistar Inc. is settling Clean Air Act violations with the U.S. Justice Department by paying a $52 million fine and destroying old engines to prevent oxides of nitrogen (NOx) pollution from fouling the atmosphere.
Navistar, now a subsidiary of Volkswagen AG’s Traton Group, has borne the burden of deciding against using the selective catalyst reduction (SCR) form of emissions control that other truck makers adopted following tougher pollution rules going into effect in 2010.
In the Justice...
Navistar International Corp.’s second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.
For Navistar (NYSE: NAV), things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second quarter results in July.
None of...
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