Navistar International Corp. on Wednesday (March 10) reported first quarter net income of $17 million, down from $234 million for the same period 2009, as the company continues to grapple with a downturn in the economy.
Sales for the first quarter were $2.8 billion, down $161 million from $2.97 billion for first quarter 2009. The company’s truck and business segments both saw notable declines in sales for the first quarter, while the company’s engine business saw business increase.