Bloomberg reported that billionaire Carl Icahn holds a 9.8 percent stake in the company.
Per this report, Icahn, who has been known to purchase shares in companies he considers to be under-performing, has held talks with the management about adding people to its board.
The article also stated that last month, Navistar reported third quarter profit of $61 million, excluding a tax allowance, as lower-priced fleet sales accounted for a larger share of the company’s business.