VW says it still wants to buy Navistar but also needs to conserve cash [Reuters]
Navistar Intl Corp (NAV)
Last navistar intl corp earnings: 3/4 06:25 am
Check Earnings Report
US:NYSE Investor Relations:
navistar.com/navistar/investors
Company Research
Source: Reuters
VW says it still wants to buy Navistar but also needs to conserve cash FRANKFURT, March 17 (Reuters) - Volkswagen on Tuesday said it still wants to buy out U.S. truckmaker Navistar but added that the coronavirus crisis will require the carmaker to conserve cash as it shuts down plants and throttles back production. “The current liquidity outlook does not take into account a Navistar takeover,” Chief Financial Officer Frank Witter said in a call to discuss results on Tuesday. The outbreak of the coronavirus presented a “curveball” for the auto industry and although China has shown that the outbreak can be controlled eventually, there will be more bad news for the autos sector before a recovery in demand is possible, Witter said. “We have not pulled the deal, we still believe it is a good idea, but we will watch like hawks the liquidity situation and the prioritisation of all activities we are contemplating,” Volkswagen Group Chief Executive Herbert Diess said. (Reporting by Edward Tayl
Show less
Read more
Impact Snapshot
Event Time:
NAV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
NAV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
NAV alerts
High impacting Navistar Intl Corp news events
Weekly update
A roundup of the hottest topics