Lisle, Illinois-based Navistar International Corp., a producer of school buses, commercial trucks, defense vehicles, and recreational vehicles is evaluating the long-term profitability of several divisions, including its RV operations based in Wakarusa, Indiana.
The sale of the RV business is a possibility, according to a Navistar International Corp. news release.
Navistar is conducting a comprehensive review of all of our non-core businesses—including our Navistar RV business—to evaluate their potential to drive long-term profitability and significantly improve our return on invested capital (ROIC).
As a result of our ROIC analysis, Navistar is listening to offers for the sale of its RV business and the sale of the business is a possibility. However, we are still early on in that process and have not accepted any offers at this time.
We are not in a position that we ‘have to’ sell the business. We have a credible turnaround plan for the RV business underway and sufficient cash to continue funding operations, so we have the option to reject any offers that don’t add value.
In 2008, Monaco Coach Corp. laid off nearly 1,500 people and filed for bankruptcy. Then Navistar International Corp. acquired Monaco Coach in 2009. When Navistar acquired Monaco, there were only 20 employees left.
In August 2011, Monaco decided to consolidate its Oregon factory with the factory in Wakarusa. That brought about 400 new jobs to Elkhart County. There are currently about 600 workers between the Elkhart and Wakarusa plants.
Monaco, Holiday Rambler, and R-Vision have been part of the Navistar family of brands for the last four years.
Since the acquisition, the company has streamlined operations and appointed a new executive management team. Navistar has also fully integrated the design, development, testing, and validation of its recreational vehicles with the company’s commercial truck and bus product development organization, delivering vehicle engineering expertise unmatched in the RV industry.
In August 2012 Navistar International announced a name change from Monaco RV LLC to Navistar RV, “the natural next step in Navistar’s commitment to the business.”
“The integration of Navistar and Monaco RV has resulted in better products and higher efficiencies,” said Daniel Ustian, Navistar chairman, president and chief executive officer in a company news release.
“Updating the name of our RV company demonstrates our long-term commitment to the RV industry. When a customer buys a recreational vehicle built by Navistar RV, they know they’re getting products with proven components, many of which are used in other Navistar vehicles — vehicles that move American goods, help keep troops safe, and ensure the safe transportation of schoolchildren.”
Since being acquired in 2009, Navistar has applied many of Navistar’s advancements in engineering, design, and manufacturing to develop their state-of-the-art RVs. By listening to their customers, Navistar is creating products that lead the industry in innovation, quality, and service. Navistar RVs feature cutting-edge aerodynamic designs, fuel-efficient, no-hassle MaxxForce engines, and advanced cockpit ergonomics.
Navistar RV products include Monaco Coach, Holiday Rambler, and R-Vision.
Address: 2701 Navistar Drive, Lisle, IL 60532
Phone: (331) 332-5000
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