Navistar, Inc. (Navistar) is recalling certain 2017 International ProStar, LoneStar, 9900i, and TranStar trucks. The affected vehicles have a metallic battery cover latch that may unlatch and contact the battery jump start stud, causing an electrical short to ground if the jump start stud is not covered. CONSEQUENCE: An electrical short to ground increases the risk of a fire in these trucks. REMEDY: Navistar will notify owners, and dealers will…
Read MoreVolksWagen Deal Saves NaviStar from Bankruptcy
Four years ago, many believed Navistar was headed towards an almost certain bankruptcy. The truck maker had squandered billions on a diesel engine that didn’t win the approval of the Environmental Protection Agency, in a move insiders likened to “betting on the diesel version of Betamax when the rest of the world is going to VHS.” One of Navistar’s top shareholders, Carl Icahn, would often refer to then-CEO Daniel Ustian as a “crazy…
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