Navistar Announces Advanced Clean Engine Technology To Meet Emissions

[DriVer]

News Release Issued: July 6, 2012 7:04 AM EDT

Navistar Announces Advanced Clean Engine Technology To Meet Emissions Regulations

Company working with EPA, CARB on transition plan

LISLE, Ill., July 6, 2012 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) today announced that it will introduce its next generation clean engine solution – In-Cylinder Technology Plus (ICT+) – to meet 2010 U.S. Environmental Protection Agency (EPA) emissions regulations and position the company to meet greenhouse gas (GHG) rules in advance of 2014 and 2017 requirements. The ICT+ technology combines Navistar's advanced in-cylinder engine expertise with urea-based aftertreatment and is expected to be available beginning early 2013.

"Our distinctive solution will leverage the investment and advancement we've made in clean engine technology while providing immediate certainty for our customers, dealers, employees and investors," said Daniel C. Ustian, Navistar chairman, president and CEO. "We have made tremendous progress with in-cylinder technology and with the introduction of ICT+ our goal is to offer the world's cleanest and most fuel efficient diesel engine—benefiting both our customers and the environment for years to come."

By incorporating an already proven and certified aftertreatment system, the company looks forward to seamlessly offering production-ready vehicles early next year. Furthermore, this approach is expected to provide a clear path to quickly achieving 2017 GHG standards.

The company intends to continue to build and ship current model EPA-compliant trucks in all vehicle classes using appropriate combinations of earned emissions credits and/or non-compliance penalties (NCPs) during the transition to ICT+. "We've shared our new technology path with the EPA and California Air Resources Board (CARB), and both agencies are encouraged by our plans," Ustian said. "We will continue to work with the agencies to ensure that our customers receive uninterrupted deliveries in all 50 states during this transition."

About Navistar
Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, Monaco® RV brands of recreational vehicles, and Workhorse® brand chassis for motor homes and step vans. It also is a private-label designer and manufacturer of diesel engines for the pickup truck, van and SUV markets. The Company also provides truck and diesel engine service parts. Another affiliate offers financing services.

SOURCE Navistar International Corporation

[RustyJC]

Originally Posted by DriVer

The ICT+ technology combines Navistar's advanced in-cylinder engine expertise with urea-based aftertreatment and is expected to be available beginning early 2013.

Hmmmm......Looks like EGR + DEF/SCR - the same as everyone else.

Rusty

[Traps90]

Well the news is good for the stock holders and Navistar and there future. Will be interesting to see what developes.

[DriVer]

Fri Jul 6, 2012 9:06am EDT; Reuters reports:

Update 2 - Navistar Changes Course on Engine Technology

[Route 66]

They had no other choice if they wanted to sell engines.

Originally Posted by RustyJC

Hmmmm......Looks like EGR + DEF/SCR - the same as everyone else.

Rusty

[RustyJC]

Originally Posted by Route 66

They had no other choice if they wanted to sell engines.

Yup. As of this 5 minutes, it appears that's what it takes to ante into the game.

Rusty

[BCooke]

Am I missing something, was it not just argued by the EPA that Navistar be allowed to use non compliant engines and pay a fine up to $2000, and lost in court?
Tada, we can build compliant engines.
Could that possibly mean that the adjustment for compliance costs averages more than $2000 per engine? or were they just that far behind?