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The company also provides financing for its customers and distributors principally through its wholly owned subsidiary, Navistar Financial Corporation.
The merger of Mc Cormick Harvesting Machine Company and the Deering Harvester Company in 1902 resulted in the formation of the International Harvester Company (IH) of Chicago, Illinois, which over the next three-quarters of a century evolved to become a diversified manufacturer of farming equipment, construction equipment, gas turbines, trucks, buses, and related components.
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The company is also a provider of truck and diesel engine parts and service.
In December 2014, Navistar disclosed more accounting problems.
These involved out-of-period adjustments, which were corrections of prior period errors relating to product warranties.
In October 2003, Navistar CEO Dan Ustian announced the company would be forming a defense business unit in order to sell military vehicles.
Navistar Defense would be led by Archie Massicotte, a 26 year veteran of the company. military and other NATO countries could leverage for products and services." Navistar Defense LLC is the prime supplier of MRAP armored vehicles to the US military. Army ordered 2,900 7000-MVs for the Afghan National Army and Iraqi Ministry of Defense and an additional order of 7,000 was added in 2008.By becoming both a body and chassis manufacturer at the same time, Navistar gained significant market share in the industry.
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