Navistar Inc. disputes allegations that it didn’t thoroughly test its MaxxForce EGR engines — allegations that surfaced in a lawsuit where a jury last week awarded $30.8 million in damages — including testimony about the engine program by former executive Jim Hebe that the company “did not test sh*t”. The Tennessee jury found that Navistar committed fraud and violated the Tennessee Consumer Practice Act in connection with the sale of 243 Navistar…
Read MoreNavistar To Pay $9.1M For EGR Diesel Engines
Navistar International Corp. is close to completing a settlement with shareholders over allegations that it made false and misleading statements about the benefits of a diesel engine technology (EGR) that turned out to be a disaster for the company. Shareholders on Wednesday asked Illinois U.S. District Judge Manish S. Shah to give final approval to the lawsuit settlement over Navistar’s so-called reduced-emissions Advanced EGR engine for the heavy-duty truck market.…
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