Navistar International Corp
Industry: Auto & Truck Manufacturers

Navistar International Corporation (NYSE:NAV) is the parent company of International Truck and Engine Corporation, a leading producer of mid-range diesel engines, medium trucks, heavy trucks, severe service vehicles, and a provider of parts and service sold under the International(R) brand. IC Corporation, a wholly owned subsidiary, produces school buses. The company also is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. Additionally, through a joint venture with Ford Motor Company, the company builds medium commercial trucks and sells truck and diesel engine service parts. International Truck and Engine has the broadest distribution network in the industry. Financing for customers and dealers is provided through a wholly owned subsidiary.

Business Summary
Navistar International Corporation (Navistar) is a holding company that operates through its principal operating subsidiary, International Truck and Engine Corporation. The Company operates in three principal industry segments: truck, engine and financial services. Navistar's truck segment is engaged in the manufacture and marketing of Class five through eight trucks, including school buses. Its engine segment is engaged in the design and manufacture of mid-range diesel engines. The truck segment operates primarily in the United States, Canada, Mexico and other selected export markets while the engine segment operates in the United States and Brazil. Its financial services operations consist of Navistar Financial Corporation (NFC) and the company's foreign finance subsidiaries that provide retail, wholesale and lease financing of products sold by the truck segment and its dealers within the United States and Mexico.

Financial Summary
NAV, a holding company, manufactures and markets medium and heavy trucks, diesel engines and service parts. NAV also provides financing and liability insurance for its dealers, customers & distributors. For the 9 months ended 7/31/05, sales rose 28% to $8.52B. Net income rose 53% to $135M. Revenues reflect higher sales in the truck industry. Net income reflects higher wholesale net revenue from higher dealer inventory balances.