DEC 22, 2011 - 4:20 pm
Navistar said for the fourth quarter 2011, its Navistar Financial affiliate recorded $27 million in profit, compared with a year-ago fourth quarter profit of $34 million. During fiscal year 2011, the segment earned $129 million, compared to $95 million in fiscal year 2010.
The increase in year-over-year profits included decreased administrative costs and a lower provision for credit losses, slightly offset by a lower net interest margin. Liquidity remains strong and on better terms than previously available, the company said.
No tags available
Though Bill Stephenson, CEO and chairman of the executive board at De Lage Landen, has a list of accomplishments that... read more