February 16, 2004

Navistar Schedules Conference Call Web Cast

WARRENVILLE, Ill., Feb 16, 2004 (BUSINESS WIRE) -- Navistar International Corporation (NYSE:NAV), the nation's largest combined commercial truck, school bus and mid-range diesel engine producer, announced today that it will hold a live audio web cast Monday, February 23, 2004, at 10 a.m. Central Daylight Time, to discuss financial results and business highlights for the first fiscal quarter ended January 31, 2004, and the outlook for the remainder of the year. The company's earnings news release will be distributed on Business Wire approximately three hours in advance of the call.

Speakers on the call will be Daniel C. Ustian, president 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 the investor relations page of Navistar's web site at http://www.nav-international.com/. Investors are advised to log on to the web site at least 15 minutes prior to the call to allow sufficient time for downloading any necessary software. The financial and statistical information provided as part of the call will be available to investors on the investor relations page of the company's web site prior to the start of the call. The web cast will be available for replay at the same address approximately three hours following its conclusion through 5 p.m. on March 4, 2004.

Information provided and statements made on the web cast that are not purely historical are forward -looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act, and the Private Securities Litigation Reform Act of 1995. Such forward-looking statements only speak as of the date of this news release and we assume no obligation to update the information included in this news release. Such forward-looking statements include information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. These statements are not guarantees of performance or results and they involve risks, uncertainties and assumptions. Although we believe that these forward-looking statements are based on reasonable assumptions, there are many factors that could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. For a further description of these factors, see Exhibit 99.1 to our Form 10-K for the fiscal year ended October 31, 2003.

Navistar International Corporation (NYSE:NAV) is the parent company of International Truck and Engine Corporation. The company produces International(R) brand commercial trucks, mid-range diesel engines and IC brand school buses and is a private label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. With the broadest distribution network in North America, the company also provides financing for customers and dealers. Additionally, through a joint venture with Ford Motor Company, the company builds medium commercial trucks and sells truck and diesel engine service parts. Additional information is available at www.nav-international.com.

SOURCE: Navistar International Corporation

Navistar International Corporation
Roy Wiley (Media), 630-753-2627
Mark Oberle (Investors), 630-753-2406
www.nav-international.com
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