Trans Tech, National Bus Sales Multi-State Dealership Agreement

NEW YORK – Trans Tech announced today that it has reached an agreement with National Bus Sales, Inc. to be their dealer for sales and service of its full-line of Type-A school buses in seven states, including Colorado, Florida, Georgia, Kansas, Oklahoma, Ohio and Washington.  Trans Tech continues to expand its market across the United States and Canada by growing its dealer network and bringing customer-inspired innovation to its industry-leading Type-A school buses.

GM Reports Strong Net Income, Up 33.5 Percent to $2.6 Billion

GM agreed to sell its Opel/Vauxhall subsidiary and GM Financial’s European operations to PSA Group to support the company’s focus on higher-return opportunities. Once closed, the transaction will immediately improve GM’s EBIT- adjusted and adjusted automotive free cash flow. It also will allow the company to lower its cash balance by $2 billion, which it plans to use to accelerate share buybacks, subject to market conditions. In connection with the transaction, GM will take a primarily non-cash special charge of approximately $4.5 billion.

A New Age of School Funding?

As I looked over the newspaper headlines for inspiration for my column this month, I read a story highlighting the Obama administration’s attempt to push through a last-second regulation to restructure school funding for the benefit of low-income students.  

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Navistar Names Martin Ketelaar Vice President of Investor Relations

LISLE, Ill., – Navistar International Corporation (NYSE: NAV) today announced it has appointed Martin Ketelaar as vice president, investor relations effective February 13, 2017. In this role, Ketelaar will be responsible for developing and implementing Navistar's investor relations strategies, leading its investor marketing activities and managing relationships with the company's shareholders, analysts and overall financial community.