Navistar recently announced its financial report for the third fiscal quarter of 2014 (May to July 2014) due to a rebound in demand for commercial vehicles in North America, coupled with further reductions in warranty costs and costs. In the third quarter, it achieved a significant reduction.
In the third quarter, Navistar’s operating revenue still experienced a slight decline, down 0.6% year-on-year to 2.84 billion U.S. dollars; the company’s third-quarter loss rate was substantially reduced from US$240 million in the same period last year to 3 million. Dollars.
Among the operating departments, the loss of Navier North America's truck business division in the third quarter decreased from US$140 million in the same period of last year to US$12 million, a significant decrease of more than 90% year-on-year. The operating profit of North America’s spare parts business reached 1.3. Billion US dollars, a 29.6% year-on-year increase.
In the first three quarters (November 2013 to July 2014), Navistar’s cumulative operating income reached US$7.798 billion, which was still 2.8% lower than the same period of last year; the cumulative net loss for the first three quarters reached US$550 million. Compared with the same period of the previous fiscal year, 7.4 billion U.S. dollars decreased by 26.5%.
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