Navistar International Corporation (NAV - Free Report) recently revealed that it is launching a new version of its International TranStar regional haul tractor. The new version will feature a MaxxForce 13 engine with Selective Catalytic Reduction (SCR) emissions technology.
The TranStar truck also boasts of a setback axle and a 50-degree wheel cut, which provide drivers with one of tightest turning radius in its class. Further, the bumper-to-back-of-cab (BBC) length of TranStar is the shortest in the industry and it features an electronic stability control solution. These features provide high maneuverability to this regional transport solution.
Navistar is focusing on developing better quality trucks with improved fuel efficiency, while maintaining their off-the-line responsiveness. The company is enhancing its 15-liter and 13-liter product coverage, while simultaneously moving towards its goal of completing the SCR transition of all heavy-duty trucks. TranStar is the fifth heavy-duty International truck model to have been converted to SCR technology since Dec 2012.
Navistar offers a wide range of heavy-duty trucks with SCR technology. They include International ProStar, International PayStar 5900 Set-Back Axle and International 9900i, all of which feature Cummins Inc.’s (CMI - Free Report) ISX15 engine. The company also manufactures the International ProStar, International WorkStar and the International TranStar trucks, which are equipped with the MaxxForce 13 engine with SCR technology.
Warrenville, Ill.-based Navistar manufactures and sells commercial trucks, mid-range diesel engines, buses, military vehicles and chassis for motor homes and step-vans. It also provides service parts for various trucks and trailers. The company carries a Zacks Rank #4 (Sell).
Navistar’s second quarter (ended Apr 30, 2013) loss widened to $353 million or $4.39 per share compared with $137 million or $1.99 per share (excluding special items) in the year-ago quarter. Reported loss was also significantly wider than the Zacks Consensus Estimate of a loss of $1.09 per share. Revenues declined 22.5% year over year to $2.5 billion in the quarter, missing the Zacks Consensus Estimate of $2.9 billion.
Some stocks that are performing well in the industry where NAV operates include American Axle and Manufacturing Inc. (AXL - Free Report) and Denso Corp. (DNZOY - Free Report) . Both these stocks carry a Zacks Rank #1 (Strong Buy).