IC Corporation Expands; Five New Commercial Bus Models Launched

ORLANDO, Fla.--June 7, 2006--IC Corporation, North America's largest school bus manufacturer, announced today at the Community Transportation Expo in Orlando that it is expanding into the commercial bus market. The company, a subsidiary of Navistar International Corporation , is building on its extensive expertise in the school bus market to extend into the commercial bus market with five new models.

"IC Corporation's commercial buses will provide customers with an integrated, one-stop approach to purchasing and servicing the bus," said Michael Cancelliere, vice president and general manager of IC Corporation. "With 360-degree support through bus sales, financing, parts, warranty and service, we believe we have significantly increased the ease of doing business for all commercial bus customers."

The new bus line is the mid-size bus industry's only line of integrated buses - meaning that the chassis and body are built to work together for enhanced performance and durability. The buses are targeted for use by various vocations, including hotels, rental car companies, airports, medical facilities, universities and tour companies. Each of the bus models caters to specific industry needs.

IC Corporation's new commercial bus line will include:

-- A new low-floor bus (LC Series) built specifically for easy accessibility

-- A new medium-duty bus (HC Series)

-- A new front-engine transit bus model (FC Series)

-- A new rear-engine transit bus model (RC Series)

-- A new small bus model (BE Series)

"When it comes to buses, IC Corporation understands the needs of its customers and delivers buses with superior performance, outstanding durability and a national network of dealers for service and support," said Cancelliere. "On any given school day, thousands of school districts in North America rely on IC buses to transport students to and from school. Now, we are bringing our bus expertise and the strength of our dedicated bus dealer network - the largest in North America - to commercial customers."

The buses will include options for the latest in GPS vehicle tracking technology called Aware Vehicle Intelligence that will give fleet managers real-time data about the bus location, speed, fuel efficiency and maintenance needs. Orders can be placed with IC Corporation dealers now and the first units are expected to be delivered late summer 2006.

About IC Corporation

IC Corporation, the nation's largest integrated school bus manufacturer, is a wholly owned subsidiary of International Truck and Engine Corporation. International produces school bus chassis, mid-range diesel engines, medium trucks, heavy trucks, severe service vehicles, and is a provider of parts and service sold under the International brand. Both IC and International are subsidiaries of Navistar International Corporation . Additional information is available site at: www.ic-corp.com.