Attention: TDR Forum Junkies http://www.navistar.com/newsdetail.aspx?id=859
Navistar Files Counter-complaint Against Ford That Asks For Damages
Warrenville, Illinois - May 02, 2007
Navistar International Corporation (Other OTC: NAVZ) announced today that it has filed a counter-complaint against Ford Motor Company for breach of contract and is seeking damages.
Navistar filed its counter-complaint following a hearing before Judge John J. McDonald of the Circuit Court of Oakland County, Michigan. The hearing related to a lawsuit filed by Ford against Navistar involving 2007 engine pricing and prior period warranty claims. Navistar counter-sued, stating that pricing is consistent with contractual agreements, that the warranty claims are entirely without merit and that Ford has stopped honoring the terms of an agreement under which engines were built. Navistar amended its counter-complaint in today's filing. Two previous hearings have been held and Judge McDonald has asked the two companies to meet privately to see if a settlement to the dispute could be reached prior to a trial.
Navistar Files Counter-complaint Against Ford That Asks For Damages
Warrenville, Illinois - May 02, 2007
Navistar International Corporation (Other OTC: NAVZ) announced today that it has filed a counter-complaint against Ford Motor Company for breach of contract and is seeking damages.
Navistar filed its counter-complaint following a hearing before Judge John J. McDonald of the Circuit Court of Oakland County, Michigan. The hearing related to a lawsuit filed by Ford against Navistar involving 2007 engine pricing and prior period warranty claims. Navistar counter-sued, stating that pricing is consistent with contractual agreements, that the warranty claims are entirely without merit and that Ford has stopped honoring the terms of an agreement under which engines were built. Navistar amended its counter-complaint in today's filing. Two previous hearings have been held and Judge McDonald has asked the two companies to meet privately to see if a settlement to the dispute could be reached prior to a trial.
Last edited by a moderator:
