Navistar Defense

[james j neiweem 766]

It appears that Traton now owns Navistar Defense. If so the board of directors at Navistar should be charged with treason.😒

[DailyDiesel 1,206]

Is the deal really done yet? I though the DOJ had to clear purchases like this for the very reason you mentioned.

[james j neiweem 766]

Lets hope you are right!

[RoadwayR 299]

I think Navistar spun off their defense division a couple of years ago.  They may still own a part of it.  

[41chevy 10,259]

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

[DailyDiesel 1,206]

Clearly. These wall street guys know how to play the game.

[Red Horse 1,604]

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!

[james j neiweem 766]

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.

[mowerman 2,192]

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