NAV - Navistar Has A Tough Earnings Ahead
Economic Slowdown
Navistar International (NAV) manufactures and sells commercial and military trucks, diesel engines, school and commercial buses, and service parts for trucks and diesel engines. It has been a tough couple months for both the manufacturing and trucking industry. A surplus in trucks and shortage of drivers has caused truck orders to fall and Navistar's stock has taken a hit, down over 40% since September. This projected economic slowdown will make it tough for Navistar to gain footing going forward in 2019. Add in the company's rising $5.6 billion in debt and