The 10-year contract with Ford strengthens the company's presence in the automotive market and lays the foundation for the continued success. Continued engine innovations led to an agreement with Ford, where Ford selected International to develop V-6 diesel engines for its light trucks and sport utility vehicles. International is leading the industry in environmental challenges by continuously improving and enhancing technologies to meet current and future emissions standards. The company has already been able to demonstrate 2004 federal emissions levels using technologies available today. Over the next five to 10 years, International looks to leverage its electro-hydraulic platform to boost performance and efficiency even further.
Significant challenges remain in the years ahead.
But with International maintaining its position as a market leader in the combined U.S. and Canadian markets for medium and heavy trucks and school buses, the truck and engine manufacturer continues to deliver solid financial performance results.