Rough 2nd Q Performance Prompts Changes at Navistar

Volkswagen Spends $256 Million On Navistar Stake

International Navistar Trucking CompanyNavistar’s ongoing troubles with the EPA continue to plague the trucking giant into the second financial quarter. This has prompted sweeping changes in the upper management division, which will take place quickly at the Illinois company. Navistar today announced management changes along with a $172 million loss for the second quarter.

Troy Clarke, currently president of Navistar Asia Pacific, will assume responsibility for all Navistar’s operations in the newly created role of President, Truck and Engine. Clarke joined Navistar in 2010 after a 35-year career at General Motors.

Jack Allen will become president of North America Truck and Parts, an expansion of his current role, and Engine Group President Eric Tech will expand his role to become president of Global Truck and Engine, responsible for all of Navistar’s business operations outside of North America.

According to published reports, Dee Kapur, president of Navistar’s truck group, was named vice chairman and chief product officer.

The changes will take effect July 1, following Board approval.

Find out more about how changes in EPA regulations and hurt the company at Trucking Info.