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Navistar, Inc is an American
Navistar, Inc is an American holding company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...
created in 1986 as the successor to International Harvester
The International Harvester Company (often abbreviated by IHC, IH, or simply International ( colloq.)) was an American manufacturer of agricultural and construction equipment, automobiles, commercial trucks, lawn and garden products, household e ...
. Navistar operates as the owner of International-branded trucks and diesel engines. The company also produces buses under the IC Bus
IC Bus (originally IC Corporation) is an American bus manufacturer. Headquartered in Lisle, Illinois, IC is a wholly owned subsidiary of Navistar International. Established in 2002 by Navistar through the reorganization of subsidiary manufa ...
brand. On July 1, 2021, Navistar became a wholly owned subsidiary of Traton
Traton SE, known as the Traton Group (formerly Volkswagen Truck & Bus AG), is a subsidiary of the Volkswagen Group and one of the world's largest commercial vehicle manufacturers, with its MAN, Scania, Navistar, and Volkswagen Caminhões e Ônib ...
. Navistar Defense LLC operates independently and is owned by Cerberus Capital Management
Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing ...
.
Headquartered in Lisle, Illinois
Lisle ( ) is a village in DuPage County, Illinois, United States. The population was 22,390 at the 2010 census, and in 2019 the population was recorded to be 23,270. It is part of the Chicago metropolitan area and the Illinois Technology and Res ...
, the company has 13,000 employees worldwide as of 2019. Navistar operates through a network of nearly 1,000 dealer outlets in the United States, Canada, Brazil, and Mexico and more than 60 dealers in 90 countries.
History
1902–1985: International Harvester
The merger of McCormick Harvesting Machine Company and the Deering Harvester Company in 1902 resulted in the formation of the International H