Navistar reports $2.8 billion loss in 4Q

December 19, 2012

Commercial Carrier Journal, CCJ – Navistar announced Wednesday, Dec. 19, a net loss of $2.8 billion in the fourth quarter of 2012, stemming mostly from a non-cash tax expense of $2 billion from an increase in deferred tax valuation allowance on the company’s U.S. deferred tax assets.