- To organize its truck segment into four business units: North American Truck Operations, Global Truck Operations, Global Bus Operations and Navistar Defense.
- Further definition of the new organization structure and appointment of executives will take place over the next two months.
- The changes will involve some targeted job reductions as functions are consolidated and streamlined to align with market conditions, but numbers have not been determined.

Other headlines for [NAV]

• NAV 1/5/2009 11:04am
  Navistar International Corp CEO: may announce a 1M shares repurchase (1.4% of shares outstanding) - conf call summary- Expects to enter the motor home market in 2010
  
• NAV 1/5/2009 07:06am
  Navistar International Corp Guides FY09 EPS $5.10-5.60 v $6.08e, Rev $15-16B v $13.9Be- Sees Military unit rev of $2.3B - Suspending pay raises to management - Will need to refinance $1.4B in credit in Q2 2010 - Plans to buy more...
  
• 12/31/2008 02:00pm
  US Treasury: considering aiding firms on case by case basis that serve the auto industry
  
• NAV 12/31/2008 06:22am
  Navistar International Corp Provides restatements to 2008 Q1, Q2 and Q3 EPS - filing- Cites errors in truck unit reporting - Changes Q1 EPS to -$0.92 from -$0.75 previously reported - Changes Q2 EPS to $2.88 from $2.94 more...
  
• NAV 12/30/2008 08:01pm
  Navistar International Corp Reports Q4 -$4.81 (incl charges) v +$0.88e, R $3.87B v $3.72Be ($3.20B y/y)- Q4 and FY results include impairment charges of $358M. - Reports FY08 profit ex-items $7.23 v $6.71e - FY08 R $14.7B v more...
  

Industrials sector headlines

• JBLU Today 02:07pm
  JetBlue Airways Corp Reports Dec Load Factor 79.4% v 76.8% y/y- RPMs -1.8% y/y - ASMs -5.1% y/y
  
• FR.FR Today 01:28pm
  Valeo SA Moody's lowers Long term rating cut to Ba1 fom Baa3; now junk status; affects €1.1B worth of debt
  
• NSANY Today 01:24pm
  Nissan Motor Co., Ltd Announces recall of 243K trucks and SUVs due to airbag sensor issues
  
• DAL Today 01:19pm
  Delta Air Lines Inc Reports Dec load factor 80.1% v 77.7% y/y- ASMs 9.78M (+0.7% y/y) - RPMs 12.2M (-2.4% y/y)
  
• CAE Today 01:12pm
  Cascade Corp. Hearing downgraded to underperform from neutral rating at DA Davidson (timing uncertain)