Navistar says U.S. pickup market in 'stranglehold'

Newswire

CHICAGO, June 30 (Reuters) - U.S. truck and engine maker Navistar International Corp said on Monday the U.S. pickup truck market was in a "stranglehold," squeezed by both economic weakness and high diesel fuel prices. During a conference call with investors to discuss the company's results for the first six months of fiscal 2008, Dan Ustian, Navistar's chairman, president and chief executive, said the U.S. pickup market is off 100,000 units this year. Navistar has supplied diesel engines ...

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