Despite many financial struggles related to an engine technology that failed to meet emissions standards, Navistar is in the best financial position its faced in years, said Vicki Bryan a senior high yield analyst for Gimme Credit.
The company has begun to recover sales from former customers, she
said, and it has seen an increase in new contracts for products for the military, which should help stabilize revenue.
has come a long way since its collapse in 2012 when it finally abandoned its colossally failed proprietary emissions system in all its legacy engines and trucks," Bryan
"Full recovery still is probably years away, and we doubt Navistar
will re-emerge as a strong market leader, but it's finally gaining traction with its new products and restoring profitability with drastically downsized operations."
The company has shed its weakest assets and reinvented its product line with competitive products, she
while not yet healthy is certainly transformed after three substantial management shakeups and three years of necessarily aggressive downsizing to slash costs and permanently reduce break even," Bryan