Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > RV Industry Press
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Thread Tools Search this Thread Display Modes
Old 08-02-2011, 06:35 PM   #1
iRV2 Marketing
DriVer's Avatar
Winnebago Owners Club
Workhorse Chassis Owner
Coastal Campers
Carolina Campers
Join Date: Jan 2000
Location: Conway, SC
Posts: 22,835
Blog Entries: 70
Navistar Consolidates Operations; Closes Others - Workhorse Union City Plant Closed

WARRENVILLE, Ill. (August 2, 2011) — Navistar International Corporation (NYSE: NAV) announced today it intends to close its Chatham, Ontario, truck manufacturing operation, which has been idled since June 2009. The company also announced plans to rationalize and better integrate its RV and chassis businesses.

The Chatham facility has been idled and employees have been on layoff status for the past two years due to the company’s inability to reach a collective bargaining agreement with the Canadian Auto Workers. As a result, Chatham production has already been absorbed by other Navistar truck plants.

“From a capacity standpoint, we are well positioned to meet demand expected in the last half of 2011 and further increases in 2012,” said Dee Kapur, president, Navistar Truck Group. “We’re seeing tremendous benefit from our flexible manufacturing strategy, which allows us to build more trucks—and a wider variety of them—at various plants.”

Navistar also announced plans to significantly scale back operations at its Monaco headquarters and motor coach manufacturing plant in Coburg, Ore., which will impact approximately 450 people. All motor coach production will be consolidated at Monaco’s Wakarusa, Ind., manufacturing facility, and certain Monaco headquarters functions will be consolidated at Navistar’s new corporate campus in Lisle, Ill. The company plans to continue producing towables and retain certain finance and information systems operations in Oregon, as well as maintain a RV service center there.

The company’s Workhorse Custom Chassis subsidiary plans to close its Union City, Ind., chassis plant, impacting about 225 employees. These operations will be consolidated into other existing Navistar facilities for greater efficiency and productivity.

Meanwhile, combining all motor coach production in Wakarusa will add about 400 jobs at that facility.

“We understand the impact these decisions have on our employees,” Kapur said. “We will treat people with respect and provide support to help them with their transitions.”The planned restructuring and asset impairment activities related to the Chatham closure is expected to result in charges of $100 million to $130 million, of which the majority is related to pension and retiree healthcare costs. The actions related to the Monaco/Workhorse consolidation may result in charges of approximately $100 million, which are predominantly related to expected asset impairments. Most of the restructuring charges are expected to occur in the third and fourth quarters 2011, with the remainder taking place in 2012. The company expects ongoing savings of $20 million to $30 million annually once all of the actions are implemented.

About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom.

Forward Looking Statements
Information provided and statements contained in this report that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this report and the Company assumes no obligation to update the information included in this report. Such forward-looking statements include information concerning our possible or assumed future results of operations, including any anticipated charges that may be incurred or other efficiencies that may be achieved as a result of the above closures. These statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. For a further description of these factors, see Item 1A, Risk Factors, of our Form 10-K for the fiscal year ended October 31, 2010, which was filed on December 21, 2010. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. All future written and oral forward-looking statements by us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for our ongoing obligations to disclose material information as required by the federal securities laws, we do not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.
03 Adventurer 38G, Workhorse W22
F&R Track Bars, Safety+ , Ultrapower, Taylor Extremes, SGII
TST 507, Blue Ox, SMI, Koni FSD, CrossFire
RV/MH Hall of Fame - Lifetime Member
DriVer is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!


navistar, workhorse

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Navistar Introduces "eStar" DriVer Navistar MaxxForce Engine Forum 2 05-14-2010 06:41 AM
Workhorse Owners Club Sets New Attendance Record at Spring Rally DriVer RV Industry Press 4 08-14-2008 06:56 PM
Thursday Night Chat "Live " From Union City, IN DriVer Workhorse and Chevrolet Chassis Motorhome Forum 13 06-14-2007 06:13 PM
Workhorse UFO™ Brings A Wave Of New Choices To Motor Home Buyers DriVer RV Industry Press 6 03-25-2007 01:39 PM
Workhorse Builds Diesel Service Network While Expanding Service Support DriVer RV Industry Press 1 04-07-2005 03:59 PM

» Virginia Campgrounds

Reviews provided by

Our Communities

Our communities encompass many different hobbies and interests, but each one is built on friendly, intelligent membership.

» More about our Communities

Automotive Communities

Our Automotive communities encompass many different makes and models. From U.S. domestics to European Saloons.

» More about our Automotive Communities

Marine Communities

Our Marine websites focus on Cruising and Sailing Vessels, including forums and the largest cruising Wiki project on the web today.

» More about our Marine Communities

Copyright 2002-2015 Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 05:17 PM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.