LISLE, Ill., Oct. 5, 2015 /PRNewswire/ -- Navistar, Inc. ("Navistar") and Continental Tire the Americas, LLC ("Continental") announced today that the two companies have signed a Letter of Intent for a five-year supply agreement where Continental tires will be the standard tire offering on all International® brand medium-duty, severe service and heavy-duty trucks and all IC Bus™ brand school buses.
"Continental tires are well-regarded by customers in a wide range of applications and duty cycles throughout the commercial vehicle industry and we're proud to make them the standard offering across our entire vehicle line-up," said Bill Kozek, president, Navistar Truck and Parts. "Continental offers a full range of durable, low rolling resistance tires that help drive fuel efficiency improvements and maximize uptime for our customers."
Continental provides offerings optimized for a wide range of commercial truck applications, which complements the diverse portfolio of vehicle options at Navistar.
"We're honored to be selected as the standard tire for International trucks and IC Bus school buses," said Wes Garber, Director of Commercial OE Sales Continental Tire the Americas. "The performance characteristics of our tires will complement the strong performance of their vehicles."
Continental tires are currently standard on International Truck severe service vocational trucks and will be standard across the International Truck and IC Bus brand portfolio starting January 2016.
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, proprietary diesel engines, and IC Bus™ brand school and commercial buses. An affiliate also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com.
About Continental Tire the Americas, LLC
Continental develops intelligent technologies for transporting people and their goods. As a reliable partner, the international automotive supplier, tire manufacturer, and industrial partner provides sustainable, safe, comfortable, individual, and affordable solutions. In 2014, the corporation generated sales of approximately $38.7 billion with its five divisions, Chassis & Safety, Interior, Powertrain, Tire, and ContiTech. Continental currently employs more than 205,000 people in 53 countries.
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SOURCE Navistar, Inc.
For further information: Media contact: Steve Schrier, 331-332-2264; Investor contact: Kevin Sadowski, 331-332-2406; Web site: www.InternationalTrucks.com