[Financial Summary]

Achievements of 1999

Launched first new products series since 1995 - the International 9000i and 5000i series trucks and the enhanced in-line 6-cylinder premium diesel family of engines, the International 530E and DT466E

Awarded new contract with Ford to produce diesel engines for use in vehicles under 8,500 lbs. GVW

Committed to building a new $250 million high technology engine plant in Huntsville, Ala., to produce next generation diesel engines

Approved a new $243 million share repurchase program, based on anticipated strong operating performance in fiscal 2000

Established Maxion International Motores S.A., a joint venture with Brazil's largest diesel engine producer, to manufacture diesel engines in South America

Introduced Green Diesel TechnologySM to the Environmental Protection Agency, using an International rear engine school bus fitted with an International T444E diesel engine, a continuous regenerative trap and ultra-low sulfur diesel fuel

Broke ground for a Navistar and Siemens Automotive joint venture in Richland County, S.C., which will develop and manufacture low-pressure, common-rail digital valve fuel injectors for use in diesel fuel systems

Ratified a new three-year labor agreement with the Canadian Auto Workers at the Chatham assembly plant, nearly five months ahead of schedule

Recognized in The Wall Street Journal's "Third Annual Guide to America's Best and Worst Companies" as The Ninth Best Performer

Ranked 29th among Business Week's Top 50 companies of the Standard & Poor's 500, and then moved up to 11th on the magazine's "six month report card"

Celebrated Navistar Financial Corporation's (NFC) 50th anniversary by delivering over 15 percent ROE for the sixth year in a row

  Annual Report 1999