Navistar Schedules Conference Call Web Cast

    WARRENVILLE, Ill.--Oct. 28, 2002--Navistar International Corporation the nation's largest commercial truck, school bus and mid-range diesel engine producer, announced today that it will hold a live audio web cast at 1 p.m. Central Standard Time, Tuesday, Oct. 29, 2002, to discuss the new contract with the United Auto Workers union and culmination of its focused facility program that will lower breakeven, reduce fixed, variable costs to improve profit opportunities throughout the business cycle.
    Speakers on the call include: John R. Horne, Navistar chairman and chief executive officer and Robert C. Lannert, vice chairman and chief financial officer.
    The web cast can be accessed through a conference call link on Navistar's website at http://www.nav-international.com/ . The web cast will be available for replay at the same address approximately three hours following its conclusion through 5 p.m. November 8. Information provided and statements made on the web cast that are not purely historical are forward -looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, beliefs and intentions on strategies regarding the future. It is important to note that the company's actual future results could differ materially from those projected in such forward-looking statements because of a number of factors, including but not limited to general economic, business and financing conditions, labor relations, governmental action, competitor pricing activity, expense volatility, and other risks detailed from time to time in Navistar's Securities and Exchange Commission filings.

    Headquartered in Warrenville, Illinois, Navistar International Corporation 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 will build medium commercial trucks and currently sells truck and diesel engine services 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. Additional information can be found on the company's web site at www.nav-international.com