AP News

News Summary: Navistar promotes Clarke to CEO

LISLE, Ill. (AP) — NEW LEADER: Truck and engine maker Navistar on Thursday promoted its president and chief operating officer, Troy Clarke, to CEO. He replaces interim CEO Lewis Campbell.

STILL LOSING MONEY: The company also announced another quarterly loss and a 12 percent drop in revenue.

LOOKING AHEAD: Campbell predicted that Navistar will begin to pick up market share in the second half of the year as it launches new engine models.

The Good Business Issue
blog comments powered by Disqus