Automobile manufacturer Navistar International Corporation recently announced that its board of directors has appointed Persio V. Lisboa as President and Chief Executive Officer. He will be succeeding Troy A. Clarke who will now serve in a new position as Executive Chairman. The appointment will come in effect on July 1, 2020. Speaking about the elevation…
Mahindra & Mahindra Ltd. (M&M) and Navistar International Corporation (NYSE: NAV) announced today that Mahindra intends to purchase Navistar Group’s stake in Mahindra Navistar Automotives Ltd (MNAL) and Mahindra Navistar Engines Pvt Ltd (MNEPL). Following the purchase, both MNAL and MNEPL would become wholly owned subsidiaries of Mahindra. Mahindra would take complete ownership of…