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Navistar board ousts CEO

Navistar International replaced CEO Daniel Ustian with former Textron CEO Lewis Campbell on an interim basis, after the truck maker's bet on a new generation of diesel engines failed to live up to promises.

Navistar International replaced CEO Daniel Ustian with former Textron CEO Lewis Campbell on an interim basis, after the truck maker's bet on a new generation of diesel engines failed to live up to promises. Navistar was hit hard by its failed engine strategy and has withdrawn its 2012 earnings forecast. Ustian spent 37 years at Navistar and was ousted by its board.