Por Jaime Mendoza Waldo 
The past few years have been a great run for Navistar, Inc. We have grown market share in all our segments and are now the market leader in the Medium-duty and School Bus segments. All this would not have been possible without the support of our suppliers. So, thank you. We truly appreciate all your efforts and commitment to support us during difficult times and throughout our journey back to a position of strength.
Given the impact of the ongoing COVID-19 pandemic, it is necessary, now more than ever, for Navistar to take actions that allow us to be competitive. We have already implemented multiple measures to preserve a solid cash position in the future and to ensure a resilient rebound post-pandemic. In addition to previously announced company-wide cost conservation measures, we continue to launch key initiatives to optimize our business processes and align ourselves with industry best practices. One such initiative is to standardize our supplier payment terms to align with industry benchmarks as well as Navistar’s current master service agreement template.
Effective May 1, 2020, Navistar will standardize its payment terms to 90 days[1] for indirect material and service suppliers. If you need further clarification of this change, submit your inquiry to Supplier.Terms@navistar.com no later than April 24, 2020 and upon receipt of your inquiry, a Navistar representative will respond within two business days.
Navistar will pay all newly issued purchase orders and/or invoices according to the new payment terms stated above starting May 1. We ask that you support this important initiative that will allow our companies to continue to grow together.
Thank you for your prompt attention to this important change to our working relationship. We look forward to our long-term partnership, collaborative business growth, and winning together in the market.