Navistar reports improved financial performance in declining market

摘要

USA - Navistar International Corporation of Lisle, Illinois, reported improved results for the fourth quarter and financial year ending October 31, 2016: It reported a fourth quarter 2016 net loss of USD34m (down from USD50m), an EBITDA of USD95m (FYQ4/15:USD86m) and revenues of USD2.1bn (down 17 from USD2.44m). The revenue decrease was largely driven by an 18 percent decline in the company's core Class 6-8 truck and bus businesses in the United States and Canada to 13,000 units. Navistar said this decline largely reflected the continued softening of Class 8 industry volumes in the US and Canadian markets.