Navistar, JAC Sign Letters of Intent to Distribute, Design and Develop School Buses in China, Export JAC Commercial Trucks through Navistar Dealers in Brazil

BEIJING, CHINA – April 24, 2012 – This week at the Beijing International Automotive Exhibition (Auto China 2012), Navistar, Inc. announced its plans to expand its collaboration with Chinese truck maker Anhui Jianghuai Automobile Co. Ltd. (JAC). At a signing ceremony in conjunction with the tradeshow, Navistar and JAC signed non-binding letters of intent (LOI) to partner on new commercial vehicle opportunities:
• Design, development, manufacturing and distribution of school buses for the Chinese market
• Light-duty truck export opportunities from JAC in China to Navistar dealers in Brazil