The wholly owned finance subsidiary of International Truck and Bus Corp., Navistar Financial Corp. is moving from its current Rolling Meadow, IL, offices to a new headquarters building in Schaumburg, IL.
The captive financing arm has also announced that it will “move away” from its informal name of International Finance Group and reinforce the Navistar Financial brand name.
While 80 to 85% of its business will continue to support International dealers and their truck-buying customers, the subsidiary says it also intents to extend into trailer and other industry financing.
Navistar Financial employs 220 people at its headquarters operation. It also has three regional offices in Atlanta, Chicago and Dallas, as well as an affiliated operation in Mexico City.
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