On Monday, members of the National United Auto Workers union also confirmed its members approved a new, six-year deal with the truck maker. Members of the UAW Local 402, which represent the majority of workers at Navistar's Springfield facility, are continuing to negotiate a separate agreement over work rules and other issues in Springfield.
“As our ongoing improvements demonstrate, the company also has strong opportunities to benefit by recapturing market share, growing parts revenue, improving margins, generating free cash flow and further de-risking the balance sheet. For all these reasons, looking forward the company is well positioned to generate superior shareholder value,” said Troy Clarke, Navistar’s chairman, president and CEO.
“We were the only truck OEM to grow Class 8 share during the year. With the industry’s newest product line-up, superior quality and a strong focus on customer uptime, we expect to gain market share in 2019 for the third year in a row,” he said.
READ MORE:
Navistar’s UAW Springfield president steps down for Toledo job
Massive fire at GM supplier leads to lost week for some local workers
About the Author