james j neiweem Posted November 22, 2020 Share Posted November 22, 2020 It appears that Traton now owns Navistar Defense. If so the board of directors at Navistar should be charged with treason.😒 Quote Link to comment Share on other sites More sharing options...
DailyDiesel Posted November 25, 2020 Share Posted November 25, 2020 Is the deal really done yet? I though the DOJ had to clear purchases like this for the very reason you mentioned. Quote www.dailydieseldose.com Link to comment Share on other sites More sharing options...
james j neiweem Posted November 25, 2020 Author Share Posted November 25, 2020 Lets hope you are right! Quote Link to comment Share on other sites More sharing options...
RoadwayR Posted November 26, 2020 Share Posted November 26, 2020 I think Navistar spun off their defense division a couple of years ago. They may still own a part of it. Quote Link to comment Share on other sites More sharing options...
41chevy Posted November 26, 2020 Share Posted November 26, 2020 (edited) The holding company of International Trucks and IC Buses named Friedrich Baumann as president of Sales, Marketing and Aftersales. He will oversee the full range of commercial processes for customers and dealers. Baumann, who joined Navistar from Daimler Trucks North America in 2018, previously was president of Aftersales/Alliance Management. Baumann continues as liaison with Volkswagen AG's TRATON Group. The holding company for Volkswagen AG's truck brands works with NAvistar on purchasing and powertrain programs. TRATON in January made a $2.9 billion bid for the 83% of Navistar stock it does not already own, which was accepted late this year. Baumann succeeds Michael Cancelliere, who is retiring after 40 years at Navistar. "It is crucial that both our dealer network as well as the brand are growing and moving in the same direction to serve our joint customers better than anybody else," Baumann told FreightWaves in a December 2019 interview. Returning to The Fold Robert Walsh rejoins Navistar from Sears Holdings Corp., where he was vice president and chief procurement officer after 15 years at Navistar. He will be vice president of Emerging Technologies, Strategy, and Planning. That includes managing a partnership with TuSimple to bring a Level 4 autonomous truck to market by 2024. Walsh also will lead the development of Navistar's newest business unit, NEXT eMobility Solutions as well as the Strategy and Planning group steering the Navistar 4.0 business strategy. Walsh formerly was president of Navistar Defense, 70% of which Navistar sold to affiliates of Cerberus Capital Management in December 2018. Traton adds Navistar's global operations, including Brazil, Mexico and the Global Export business, to his portfolio. Christman continues to oversee procurement, product development, manufacturing and supply chain. Persio Lisboa will be Navistar's President and CEO after the new year. Little inside knowledge (and $$$) on the deal from Baumann?? Paul Edited November 26, 2020 by 41chevy 1 Quote "OPERTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED IN OVERALLS AND LOOKS LIKE WORK" Thomas Edison “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’” P.T.CHESHIRE Link to comment Share on other sites More sharing options...
DailyDiesel Posted November 27, 2020 Share Posted November 27, 2020 Clearly. These wall street guys know how to play the game. Quote www.dailydieseldose.com Link to comment Share on other sites More sharing options...
Red Horse Posted November 28, 2020 Share Posted November 28, 2020 On 11/26/2020 at 12:11 AM, 41chevy said: The holding company of International Trucks and IC Buses named Friedrich Baumann as president of Sales, Marketing and Aftersales. He will oversee the full range of commercial processes for customers and dealers. Baumann, who joined Navistar from Daimler Trucks North America in 2018, previously was president of Aftersales/Alliance Management. Baumann continues as liaison with Volkswagen AG's TRATON Group. The holding company for Volkswagen AG's truck brands works with NAvistar on purchasing and powertrain programs. TRATON in January made a $2.9 billion bid for the 83% of Navistar stock it does not already own, which was accepted late this year. Baumann succeeds Michael Cancelliere, who is retiring after 40 years at Navistar. "It is crucial that both our dealer network as well as the brand are growing and moving in the same direction to serve our joint customers better than anybody else," Baumann told FreightWaves in a December 2019 interview. Returning to The Fold Robert Walsh rejoins Navistar from Sears Holdings Corp., where he was vice president and chief procurement officer after 15 years at Navistar. He will be vice president of Emerging Technologies, Strategy, and Planning. That includes managing a partnership with TuSimple to bring a Level 4 autonomous truck to market by 2024. Walsh also will lead the development of Navistar's newest business unit, NEXT eMobility Solutions as well as the Strategy and Planning group steering the Navistar 4.0 business strategy. Walsh formerly was president of Navistar Defense, 70% of which Navistar sold to affiliates of Cerberus Capital Management in December 2018. Traton adds Navistar's global operations, including Brazil, Mexico and the Global Export business, to his portfolio. Christman continues to oversee procurement, product development, manufacturing and supply chain. Persio Lisboa will be Navistar's President and CEO after the new year. Little inside knowledge (and $$$) on the deal from Baumann?? Paul But very fluent in German! 1 Quote Link to comment Share on other sites More sharing options...
james j neiweem Posted November 28, 2020 Author Share Posted November 28, 2020 Being able to speak English and fluent in German, clearly the board of directors at Navistar, joined a long list of board members who are selling and have sold out American industry. 1 Quote Link to comment Share on other sites More sharing options...
mowerman Posted November 28, 2020 Share Posted November 28, 2020 Never heard of either one of those companies but from what I’ve seen high end executives always have a way to wiggle out of any problems and especially force all the blame on to employees......... bob 1 Quote Link to comment Share on other sites More sharing options...
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