Navistar stock jumps as Fiat discusses acquisitions

April 24, 2007

Fiat SpA's announcement yesterday that it is considering buying an American truck manufacturer has caused stock in Illinois-based Navistar International Corp. to leap, according to Bloomberg.

Shares of Navistar, which operates an engine foundry on the eastside, were up as much as 8.7 percent, to $57.85, in over-the-counter trading this morning. The stock increased 10 percent yesterday on the news.

The Italian company is looking to buy a company in coming months to pave the way for its Iveco SpA trucking company to enter the country.

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