Friday, March 2, 2007

Navistar Restarts in Indy

Navistar International Corporation issued a press release yesterday saying that it will resume production of Power Stroke® diesel engines used by Ford Motor Company in its heavy duty pickup truck line. The announcement was in response to a temporary order issued by Judge John J. McDonald of the Circuit Court of Oakland County, Michigan.

Judge McDonald issued the temporary order late Wednesday afternoon (28 February) and scheduled a hearing for both companies Wednesday (7 March).

Under Judge McDonald's order, Ford will be required to pay, without deductions, for all diesel engines it receives from International Truck and Engine Corporation, Navistar's principal operating company, according to the press release.

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