Navistar Sells RV Business

Less than three years after buying the assets of mobile-home maker Monaco Coach, truck maker Navistar (NYSE: NAV  ) is unhitching Monaco from its corporate wagon -- and sending the Holiday Rambler and R-Vision brands along with it.

Navistar announced Thursday that it has sold its Navistar RV business to privately held Allied Specialty Vehicles, retaining only its Bison Coach horse trailer manufacturing business, which was previously part of Navistar RV.

Navistar did not divulge financial terms of the sale, saying only that the decision to sell resulted from its "Return-On-Invested-Capital review process" and implying that the businesses sold didn't pass that review and were not part of Navistar's "North America core businesses."

Shares of Navistar rose 5.6% in response to the news in Friday trading to close at $38.25.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2439367, ~/Articles/ArticleHandler.aspx, 9/19/2014 2:03:08 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement