By Charlie Morasch, Land Line contributing writer | Friday, November 16, 2012
The first International ProStar Plus with Cummins ISX 15 engine has rolled off the production line – both a real and symbolic sign of a new era for Navistar International Corp.
The new ProStar Plus, built at a company plant in Escobedo, Nuevo Leon, Mexico, features selective catalytic reduction exhaust after-treatment systems. Navistar says it has already received orders for 1,000 new ProStar Plus trucks.
Navistar’s change from exhaust treatment by Exhaust Gas Recirculation to SCR was announced in August.
“This is a great accomplishment for Navistar and an important milestone as we bring our first SCR-based Class 8 trucks to the marketplace,” said Troy Clarke, Navistar president and COO, according to a company news release. “The entire launch team and hundreds of others working behind the scenes are committed to a high-quality launch, and this achievement is another proof point in our progress.”
The company moved into a new headquarters in Lisle, IL, last winter. This summer, amid rumors of bankruptcy, Navistar announced it had secured a $1 billion line of credit from a group of large banks, including J.P. Morgan.
In August, Navistar parted ways with former CEO Daniel Ustian, who had championed the company’s use of EGR while all rival truck manufacturers had used SCR for 2010 model year and newer trucks.
Last month, Navistar made 10.6 million shares of public stock available to raise cash – only two months after the company secured the $1 billion line of credit.
By March, Navistar expects to enter pilot production for International ProStar Plus trucks with the company’s MaxxForce 13 engines and a Cummins SCR-based after-treatment system. Regular production could begin by April. Other truck models will follow.
For more reporting on Navistar, click here.
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