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
You’re on a sales call. You’re talking with a prospect. You’re feeling good about the conversation, confident in your abilities and assured that you’re about to start a new relationship. You are asked a “by-the-way” question that catches you off... read more
The last edition of Dispatches from the Trenches discussed the importance of collateral descriptions in security agreements and financing statements as well as the use of collateral types versus more specific descriptions. This edition focuses further on helpful techniques and... read more