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May 1, 2010 12:00 PM

International continued...
ProStar+ isn't the only new development. “We continue to improve our product line-up, enter new markets and expand our business,” said Dee Kapur, president of Navistar Truck Group. “Even amidst today's challenging economic conditions, we are building a strong foundation that will position us well for future growth and leverage the market recovery opportunity.”

In just the past year, the company has made a number of key acquisitions, partnered with industry leaders and launched several new products that position Navistar for numerous future growth opportunities. Highlights include:

Navistar's MaxxForce engines with Advanced EGR technology are attracting customers. Navistar showcased its 2010 MaxxForce on-highway diesel engines at the Mid-America Trucking Show. The six-model lineup of new medium- and heavy-duty engines offers buyers of International brand vocational and over-the-road trucks outstanding performance, fuel economy, reliability and durability, while meeting clean-air requirements without liquid urea-based emissions aftertreatment.

As part of Navistar's global growth strategy, it launched a joint venture with Mahindra & Mahindra Ltd (M&M) of India Mahindra-Navistar Automotives Ltd and unveiled a new line of commercial trucks and tractors for India and other global markets. Designed, developed and tested for the toughest roads and conditions, these trucks leverage Navistar's expertise in designing and manufacturing medium- and heavy-duty commercial trucks.

President Obama visited the Navistar manufacturing facility in Wakarusa, Indiana in August 2009 to celebrate the award of a $39 million federal grant to build 400 all-electric delivery vehicles. In December 2009, Navistar entered into a joint venture agreement with Modec Limited of the United Kingdom to form the Navistar-Modec Electric Vehicle Alliance LLC. Through this agreement, Navistar is introducing Class 2c-3 all-electric vehicles later this summer.

In January 2010, Navistar was named a partner in the US Department of Energy Super Truck program. Through the program, the company will receive more than $37 million in federal funding to pioneer new fuel efficiency and emissions-reducing technologies. The goal of the project is to develop a Super Truck featuring a 50% improvement in fuel efficiency.

As part of its efforts to control costs and vertically integrate key fuel injection components for its MaxxForce diesel engines, Navistar acquired certain assets of Continental Diesel Systems US LLC in December 2009. Renamed Pure Power Technologies LLC, the company provides a platform that Navistar plans to further vertically integrate researchand development, engineering and manufacturing.

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