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 ...

Premium Content (PAID Subscription Required)

"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.