June 27, 2012
Gimme Credit is the clevely titled name for a a site that performs respected bond analysis. Their latest call invovles a potential bankrutpcy for Navistar.
Nvistar has bet the farm on the EPA approving its EGR engine technology. So far that has not happened. NAN earned a series of credits that it has used to qualify. EPA allowed a $1900 an engine fine which has now been overturned by a court.
The last thning the administration needs is another firm laying off employees due to non compliance with the EPA.
Professor Elam 
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