-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Kwx9gdBS6OBbHjotSreQggTkZNTHTMjzjdZPOcsMCTqsOj0K0jWawiXFMluL4fgz asVHaEY/si1ieSmRBU085w== 0000808450-03-000071.txt : 20030904 0000808450-03-000071.hdr.sgml : 20030904 20030904083932 ACCESSION NUMBER: 0000808450-03-000071 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20030904 ITEM INFORMATION: Other events FILED AS OF DATE: 20030904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAVISTAR INTERNATIONAL CORP CENTRAL INDEX KEY: 0000808450 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] IRS NUMBER: 363359573 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09618 FILM NUMBER: 03880405 BUSINESS ADDRESS: STREET 1: 4201 WINFIELD ROAD CITY: WARRENVILLE STATE: IL ZIP: 60555 BUSINESS PHONE: 630-753-5000 MAIL ADDRESS: STREET 1: 4201 WINFIELD ROAD STREET 2: POST OFFICE BOX 1488 CITY: WARRENVILLE STATE: IL ZIP: 60555 FORMER COMPANY: FORMER CONFORMED NAME: NAVISTAR INTERNATIONAL CORP /DE/NEW DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: NAVISTAR HOLDING INC DATE OF NAME CHANGE: 19870528 8-K 1 form8k090403.htm FORM 8K PRESS RELEASE FORM 8K
                                  UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                                               Washington, D.C.  20549



                                                      FORM 8-K
                                                   CURRENT REPORT



Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  N/A



                        N A V I S T A R    I N T E R N A T I O N A L    C O R P O R A T I O N
                               (Exact name of registrant as specified in its charter)





                 Delaware                                  1-9618                                 36-3359573
       ------------------------------              ------------------------                   -------------------
    (State or other jurisdiction of                 (Commission File No.)                     (I.R.S. Employer
     incorporation or organization)                                                         Identification No.)





4201 Winfield Road, P.O. Box 1488, Warrenville, Illinois                                            60555
                                                                                              --------------
      (Address of principal executive offices)                                                   (Zip Code)





                          Registrant's telephone number, including area code (630) 753-5000







PAGE 2


ITEM 5.    OTHER EVENTS

           On  September  4, 2003,  the  Registrant  issued two press  releases,  which are attached  as Exhibit  99.1 and
           Exhibit 99.2 to this Report and incorporated by reference herein.


ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS

                  (c)      Exhibits

                            Exhibit No.        Description                                              Page

                              99.1              Press Release dated                                      E-1
                                                September 4, 2003

                              99.2              Press Release dated                                      E-3
                                                September 4, 2003




                                                              SIGNATURES


Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.


NAVISTAR INTERNATIONAL CORPORATION
                     Registrant


Date:    September 4, 2003                  /s/  Mark T. Schwetschenau
                                                 Mark T. Schwetschenau
                                                 Vice President and Controller
                                                 (Principal Accounting Officer)








         PAGE 3


                                                           INDEX TO EXHIBITS



                            Exhibit No.        Description                                              Page

                              99.1              Press Release dated                                      E-1
                                                September 4, 2003

                              99.2              Press Release dated                                      E-3
                                                September 4, 2003


EX-99.1 3 form8k090403exa.htm FORM 8K PRESS RELEASE EX99.1 EXHIBIT 99.1
                                                                                                       EXHIBIT 99.1

                              INTERNATIONAL'S HEAVY TRUCK PLANT TO REMAIN IN CHATHAM

  Participation By Government of Canada and Province of Ontario, Coupled With New CAW Contract Key To Preserving
                                                  Jobs In Canada

         WARRENVILLE, Ill. --  September 4, 2003 -- International Truck and Engine Corporation will keep its
Chatham, Ontario plant open and maintain a production schedule of heavy trucks, as the result of a long-term
investment by the company, Government of Canada and the Province of Ontario, it was announced today.
         The government participation is part of the company's 10-year, $189 (CDN$270) million program that
includes investments in technology, advanced skills training, and state-of-the-art equipment to modernize and
update the plant. Major elements include two new research and development centers to be established in
partnership with one or more Ontario universities.
         The Government of Canada will contribute up to $23 (CDN$33) million under its Technology Partnerships
Canada program and various training programs. The Province of Ontario will contribute up to $22 (CDN$32) million
towards the total investment as part of its  $438 (CDN$625) million Large Scale Strategic Investment Initiative
announced in February 2003.
         As previously reported, the Canadian Auto Workers union (CAW) is also making a major investment in the
future of the Chatham plant and its workforce. In May, the company and the CAW reached an agreement on an amended
contract that runs through January 31, 2007 that will provide $31(CDN $44) million in annual cost savings. The
contract can be extended for an additional two years by mutual agreement.

                                                          --more--

                                                            E-1






                                                                                                       EXHIBIT 99.1

Page Two/Chatham

         Dan Ustian, president and chief executive officer of Navistar International Corporation, said the
decision to keep the Chatham plant open, bolstered by the new CAW contract and the government financial
participation, "reinforces our commitment to the heavy truck segment of the business and our goal of overall
leadership in the North American truck market."
         "The modernized International plant will help contribute to a sound economic future for Chatham-Kent and
continued employment for 750 workers with a strong potential for growth," Ustian said.
         Efforts to achieve necessary cost reductions at Chatham began in December 2001. Unable to achieve
necessary cost savings, International announced plans to close its Chatham plant on October 17, 2002, and a July
18, 2003 closing date was set on March 28. The closing date was extended while the company continued discussions
with government agencies concerning financial participation in programs to keep the plant open..
         Ustian said the financial participation coming from the Government of Canada and the Province of Ontario
in the areas of advanced research is particularly important. Truck research will focus on the development and
testing of advanced production technologies, while diesel engine research will center on reducing emissions to
meet more stringent emissions targets.
         International Truck and Engine Corporation  is the operating company of Navistar (NYSE: NAV), North
America's largest combined commercial truck, school bus and mid-range diesel engine producer. The company
produces International® 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.internationaldelivers.com.
                                                            E-2


EX-99.2 4 form8k090403exb.htm FORM 8K - EXHIBIT 99.2 EXHIBIT 99.2
                                                                                                       EXHIBIT 99.2



         NAVISTAR SAYS CHATHAM DECISION AND UAW WINDOW PROGRAM WILL NOT CHANGE COMPANY'S EARNINGS GUIDANCE

         WARRENVILLE, Ill. -September 4 -As reported earlier today, International Truck and Engine Corporation,
the operating company of Navistar International Corporation (NYSE:NAV), announced that it would keep its Chatham,
Ontario heavy truck assembly plant open.
         Daniel C. Ustian, Navistar president and chief executive officer, said the company is pleased to have
come up with a plan that meets the combined objectives of improved profitability for our heavy truck business and
continued operations in Chatham.
         Ustian noted that the impact of the decision to keep the plant operating would result in an adjustment
to the company's existing restructuring charge recorded in the fourth quarter of 2002.
         He added that the company has also accelerated the sign-up period for an early retirement window program
offered to certain eligible, long-service United Auto Workers union (UAW) represented employees.  The purpose of
the window program is to enable the company to address the changing staffing needs of the business. The expected
dates for retirement under the program have not been changed, but the earlier sign-up period requires the company
to account for the program in the fourth quarter of 2003.
         According to Ustian, Navistar is in the process of quantifying the impact of these decisions and will
disclose them with the release of its fourth quarter earnings.  Neither of these decisions however is expected to
impact the company's earning guidance issued in the third quarter earnings release on August 15, 2003.
         "These actions allow us to substantially complete our initial transformation strategy that we began in
1997," said Robert C. Lannert, vice chairman and chief financial officer.
                                                          --more--

                                                             E-3


                                                                                                       EXHIBIT 99.2
Page Two/Impact

         Lannert said Navistar's focus "now is on execution:  execution of our quality and cost improvement goals
with our management team dedicated to delivering bottom-line savings and continuously improving results."
         International Truck and Engine Corporation produces International® 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.internationaldelivers.com.


Forward Looking Statements

Statements contained in this news release 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.  Navistar assumes no obligation to update the information included in this
news release.

                                                      --30--

                                                       E-4

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-----END PRIVACY-ENHANCED MESSAGE-----