Navistar International Corp. offers to sell its heavy-truck plant in Chatham, Ont., Canada, to the Canadian or Ontario government for C$67.6 million ($49 million) and then lease it back. The plan calls for Navistar to buy back the plant in 2009 for C$17 million ($12 million). It would save the truck maker an estimated C$50 million ($36 million) in depreciation costs over seven years. The lease-and-sell proposal is one of four ideas to keep the plant open beyond July 18, when production ...
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