Scania

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…