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NAVISTAR INTERNATIONAL CORP. (NAV)--Produces medium and heavy trucks, school buses and mid-range diesel engines in North America and other international markets. It is a lead supplier of mid-range diesel engines in the 160 to 300 horsepower range. Trucks, engine parts and services are sold through a network of about 1,000 dealers in the U.S. and Canada, and 80 dealers in 75 countries. Navistar renamed its operating company to International Truck and Engine Corp. in February 2000.
Navistar completed a deal during mid-2001 to spin off its Escobedo, Mex., commercial truck assembly site into a truck-making venture with Ford Motor Co. (F). The venture is named Blue Diamond Truck Co. LLC. It will build Classes 6-7 midsize commercial trucks that will be sold in North America as International and Ford-branded vehicles.
Lighter duty, Classes 3-5 low forward entry-type trucks will debut in 2003 that will be resold by both firms through separate dealer distribution networks in North America.