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NAVISTAR INTERNATIONAL CORPORATION

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Navistar International : Announces Partnership With In-Charge Energy To Provide Charging Infrastructure And Consulting Services For Electric Vehicle Customers

08/26/2020 | 12:01pm EDT

Navistar Announces Partnership With In-Charge Energy To Provide Charging Infrastructure And Consulting Services For Electric Vehicle Customers

Lisle, Ill. (August 26, 2020) - Today Navistar announced its NEXT eMobility Solutions business unit has signed a master services agreement with In-Charge Energy, an energy solutions company based in Los Angeles, California, to provide charging infrastructure and consulting services to Navistar and its electric vehicle customers.

Since its launch in October, NEXT has focused its eMobility development on a comprehensive 'four Cs' approach - Consulting, Construction, Charging and Connecting. This partnership strengthens Navistar's ability to provide customers with superior support in each of these categories.

'With electric vehicles, it's important to understand that we can provide the very best bus or truck for our customers, but if they don't have a partner to show them how to operate it, charge it or take care of it in the long run, it likely won't be a successful deployment,' said Jason Gies, director, Business Development, Navistar. 'This partnership ensures that IC Bus and International Truck customers have the infrastructure support they need to ultimately be successful in electric.'

Electrifying a fleet requires much more than just purchasing an electric vehicle. Customers need to consider the impacts on maintenance and facilities such as increased electricity demand, utility upgrades and other factors.

'The total cost of ownership with electric vehicles promises to be less than conventional vehicles; however, that is only possible with well-designed charging infrastructure and a trusted partner,' said Cameron Funk, chief executive officer, In-Charge. 'Navistar has the right vision and In-Charge is pleased to provide their end-to-end charging solution.'

'I'm very happy to announce this new relationship with In-Charge,' said Bob Walsh, vice president, Emerging Technology, Strategy and Planning, Navistar. 'Together, we can truly provide our customers with a partner for the entire electrification process - from initial interest to having a full fleet of electric vehicles and beyond.'

For additional information about NEXT, click here.

About Navistar

Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial 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 In-Charge Energy

In-Charge is an energy solutions company that is accelerating electrification of transportation by providing comprehensive, scalable electric fleet charging infrastructure solutions. The company tailors charging systems to private and public commercial fleets, electric vehicle manufacturers, municipalities and commercial facilities owners. The founding team is among the most experienced in EV charging infrastructure, with executive experience at TESLA, ABM, NRG Energy, EVgo, innogy eMobility, and Edison International. The company provides first-of-its-kind turnkey energy and electric vehicle (EV) charging infrastructure solutions as a service to customers of Navistar International Corporation (NYSE: NAV).

For further information: Media contact: Darwin Minnis, Darwin.Minnis@Navistar.com, 331-332-5243; Investor contact: Marty Ketelaar, Marty.Ketelaar@Navistar.com, 331-332-2706; Web site: www.Navistar.com/news

Disclaimer

Navistar International Corporation published this content on 26 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 August 2020 16:01:05 UTC


ę Publicnow 2020
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Financials (USD)
Sales 2021 8 750 M - -
Net income 2021 189 M - -
Net Debt 2021 3 748 M - -
P/E ratio 2021 21,8x
Yield 2021 -
Capitalization 4 435 M 4 435 M -
EV / Sales 2021 0,94x
EV / Sales 2022 0,72x
Nbr of Employees 13 869
Free-Float 96,4%
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Last Close Price 44,46 $
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Persio V. Lisboa President, Chief Executive & Operating Officer
Walter Gerhardt Borst Chief Financial Officer & Executive Vice President
Troy A. Clarke Executive Chairman
Julie Ragland Chief Information Officer & Senior Vice President
Vincent J. Intrieri Lead Independent Director
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