Daimler Trucks North America Celebrates a Century of Innovation

PORTLAND, Ore. – Daimler Trucks North America (DTNA) is set to celebrate a century of innovation with anniversaries of Freightliner, Detroit, Western Star and Thomas Built Bus brands.  

Throughout 2017 DTNA will celebrate its legacy of delivering uncompromising quality, value and durability for more than one hundred years.  With advanced engineering solutions—like Detroit™ engines, best-in-class safety systems, fuel economy and low-cost maintenance and service, DTNA is positioned to continue providing innovative solutions to its customers for the next one hundred years and beyond.

This year, Freightliner Trucks celebrates 75 years of innovation while Western Star Trucks hits 50 years of rugged performance, Thomas Built Bus enjoys 100 years of business and Detroit reaches a milestone of offering industry-leading engines for almost 80 years. 

From the 1942 debut of the Freightliner Model 600 “Shovelnose,” the industry’s first all-aluminum cab, to the 2017 launch of the new Cascadia, which fully integrates technology and safety systems, Freightliner Trucks has been at the center of industry innovation for 75 years. Along the way Freightliner has pushed the boundaries of fuel efficiency with the SuperTruck program and revolutionized commercial vehicle technology and safety systems with the Freightliner Inspiration Truck, the first licensed autonomous truck to operate on a North American highway. 

Western Star Trucks can trace its roots back 50 years to Canadian mining and logging operations. With the recent launch of the 5700XE and the innovative 6900 Multi-Body Transformer (MBT), Western Star enters its anniversary year with strong momentum. 

Known for its innovative and rugged cab design and unrivaled handmade quality, Western Star blends the toughness needed to withstand rough logging roads with the efficiency required for a long-haul, over the road applications, all while maintaining its reputation for ultra-tough trucks.

In 2016 Thomas Built Bus celebrated 100 years of business.  Beginning in 1916 as a street car manufacturer and transitioning to school buses in 1936, founder Perley A. Thomas and company have been at the forefront of innovation for more than 100 years.  Thomas Built manufactures all of its product offerings at several High Point, North Carolina facilities, including its most popular Saf-T-Liner C2 conventional school bus.

Thomas Built continues to innovate in both design and manufacturing.  In 2011 Thomas Built became and remains the only school bus manufacturer to achieve zero-waste-to-landfill operations - a true testament to its already robust environmental efforts.  Thomas Built offers alternative fuel options such as compressed natural gas and propane.

Additionally, for nearly the last 80 years Detroit Diesel Corporation (DDC) has been providing industry leading engines, to the commercial vehicle industry. Since Daimler’s acquisition of DDC in 2000, they expanded to include axles, transmissions, active safety systems and connected vehicle services for the commercial transportation industry. The Detroit brand is at the core of DTNA vehicle’s industry-leading products and innovations in efficiency, durability, connectivity and safety. The optimization of the Integration Detroit Powertrain in the new Freightliner Cascadia and Western Star 5700XE continues to set new benchmarks in fuel economy. 

“I am very proud of our company’s rich history,” said Martin Daum, president and CEO, Daimler Trucks North America. “We have a portfolio of brands that, while very different, share a strong legacy of innovation. Over the past century we’ve grown into North America’s undisputed market leader, and as we celebrate our past, we’re looking forward to a future that pushes the boundaries of innovation.”

About Daimler Trucks North America

Daimler Trucks North America LLC, headquartered in Portland, Ore., is the leading heavy-duty truck manufacturer in North America. Daimler Trucks North America produces and markets commercial vehicles under the Freightliner, Western Star and Thomas Built Buses nameplates. Daimler Trucks North America is a Daimler company, the world’s leading commercial vehicle manufacturer.

Navistar Announces Intention to Reprice Approximately $1.0 Billion Senior Secured Term Loan

LISLE, Ill., – Navistar International Corporation (NYSE: NAV) today announced that, subject to market conditions, the company and its wholly-owned subsidiary Navistar, Inc. are seeking to reprice Navistar, Inc.'s existing approximately $1.0 billion senior secured term loan under Navistar, Inc.'s Senior Secured Term Loan Credit Facility.  The company anticipates that the repricing will be completed within the next ten days. There can be no assurance, however, that the company and Navistar, Inc. will be able to complete the repricing.

About Navistar
Navistar International Corporation is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, proprietary diesel engines, and IC Bus™ brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services.

Cautionary Statement Concerning Forward-Looking Statements
Information provided and statements contained in this release that are not purely historical fact are forward-looking statements within the meaning of the federal securities laws.   Such forward-looking statements only speak as of the date of this report and the company assumes no obligation to update the information included in this release other than as required by the federal securities laws.  Such forward-looking statements include those regarding the proposed repricing of the senior secured term loan.  These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate," or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties, and assumptions. For a further description of these factors, see the risk factors set forth in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K for the fiscal year ended October 31, 2016. Although the company believes that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. All future written and oral forward-looking statements by the company or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to above. Except for its ongoing obligations to disclose material information as required by the federal securities laws, the company does not have any obligations or intention to release publicly any revisions to any forward-looking statements to reflect events or circumstances in the future or to reflect the occurrence of unanticipated events.

Collins Bus Parent REV Group Listed on NYSE

Specialty vehicle manufacturer REV Group Inc.—parent company of school bus manufacturer Collins Bus—went public Friday with shares trading on the New York Stock Exchange.

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