Navistar Financial Finalizes Early Renewal of $800 Million Wholesale Funding Facility

WARRENVILLE, Ill. October 16, 2008: Consistent with previous guidance, Navistar Financial Corporation, a wholly owned subsidiary of Navistar International Corporation , today announced that it has signed a definitive agreement finalizing an early renewal of its $800 million dealer floor plan funding facility.

“At a time when many lenders are pulling back, we continue to have good access to funding, thanks to the credit quality of our portfolio,” said Terry Endsley, executive vice president and chief financial officer, Navistar International Corporation. “The ongoing support of our key relationship banks amidst today’s turbulent economy says a lot about their confidence in the health of our company and future growth opportunities.”

Navistar Financial Corporation provides financial programs and services tailored to satisfy all Navistar’s customer and dealer equipment-financing needs. Additional information is available at: NAVISTAR.