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