Breaking News Bar
posted: 8/2/2012 8:34 AM

Navistar tumbles after receiving letter from SEC

Success - Article sent! close
  • Navistar in Lisle.

       Navistar in Lisle.
    Bev Horne | Staff Photographer

Bloomberg News

Lisle-based Navistar International Corp., the maker of International brand trucks, fell in early trading after it disclosed a U.S. Securities and Exchange Commission inquiry and withdrew its full-year earnings forecast.

Navistar fell 6.1 percent to $23.25 a share at 8:42 a.m. New York time before the start of regular trading. The company's stock has declined 35 percent this year through yesterday.

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The company said it received a formal letter from the SEC requesting additional information related to accounting and disclosure matters. The Lisle, Illinois-based company said it is "cooperating fully" with the request. The company also said it is withdrawing its yearly forecast until third-quarter earnings are released next month.

Navistar has been in the process of developing an engine that will meet U.S. emission standards after its earlier technology failed to comply.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.