Journey with Confidence RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Take a Speed Test Free 7 Day Trial ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > COMMUNITY FORUMS > RV Industry Press
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Thread Tools Search this Thread Display Modes
Old 06-25-2012, 03:20 PM   #1
Moderator Emeritus
DriVer's Avatar
Winnebago Owners Club
Workhorse Chassis Owner
Coastal Campers
Carolina Campers
Join Date: Jan 2000
Location: Conway, SC
Posts: 23,643
Blog Entries: 70
CNBC Circulates Navistar Bankruptcy Rumor

RV Daily Report
By Greg Gerber @ 6:01 AM

LISLE, Ill. -- Despite the fact that two big-name investors assumed control of more than 25 percent of Navistar stock last week, at least one credit analyst believes that a number of red flags involving the company makes bankruptcy an "increasingly credible risk for Navistar," CNBC reported.

Gimme Credit analyst Vicki Bryan suspects that investors Mark Rachesky, of MHS Fund Management, and Carl Ichan are betting that Navistar eventually approval from the Environmental Protection Agency for the company's exhaust gas recirculation, or ďEGRĒ technology for diesel engines that Navistar has, in effect, bet the ranch on, CNBC noted.

The EPA has yet to certify Navistar's EGR engine. Consequently, the company is relying upon emissions reduction credits earned for environmentally friendly actions it took from 2007 to 2009. However, CNBC noted those credits will run out at the end of the year. Although EPA earlier agreed to a let Navistar continue by paying a $1,900 fine per engine sold, Navistar competitors sued EPA, and a federal judge ruled last week against the EPA's stop-gap measure.

According to CNBC, EPA noted that if Navistar didnít catch a break on compliance, the company could lose up to $3 billion in revenue and nearly 4,000 employees would be laid off.

To read the full story at CNBC, click here.
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! 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!

Old 06-25-2012, 05:38 PM   #2
Senior Member
Oemtech's Avatar
Join Date: Feb 2003
Location: Jarrell, TX 76537
Posts: 4,499
Send a message via AIM to Oemtech
This not a big surprise....
AKA - Oemy
Oemtech is offline   Reply With Quote


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

» Featured Campgrounds

Reviews provided by

All times are GMT -6. The time now is 01:54 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.