Navistar’s going “lean and mean,” the company announced today to an audience of Wall Street analysts and trucking industry press, pointing to hundreds of millions of dollars in savings on manufacturing, materials and structured costs as the latest step in its turnaround efforts.
Navistar hosted an analyst day at its Lisle, Ill., headquarters Feb. 4 to update investors and the media on the progress of the company’s ongoing efforts to get back in the black following its failed attempt at meeting emissions standards using exhaust gas recirculation rather than aftertreatment methods adopted by other truck makers.
Bill Kozek who took over Navistar’s helm in 2013 after leaving Paccar.
Both Kozek and CEO Troy Clarke praised Navistar’s dedicated and determined employees who have spearheaded the effort and report several positive developments.
Kozek noted that the massive push to convert the entire International product line from exclusive, proprietary, MaxxForce engines with EGR to full integration with Cummins 15 liter diesel engines and Cummins Selective Catalytic Reduction (SCR) technology is in the final stages of implementation.
Clarke said the effort was completed in record time, while the company continued new product development and worked to re-engineer 2010 emissions systems to provide better uptime and resale values for EGR-era International trucks.
The company expects the final vocational models to be fully SCR-converted by June of this year.
