SHANGHAI, Sept 29 (Reuters) - A unit of Navistar International Corp and China's Jianghuai Automobile plan to set up a 50-50 truck venture with investment of at least 2 billion yuan ($293 million), Jianghuai said on Tuesday.
Under a framework agreement, Jianghuai and NC2 Global LLC will set up a joint venture to produce and sell heavy trucks and accessories.
The venture will also cooperate with NC2, Navistar and Caterpillar on product research and development.
...Sign in to access
this Article
"Navistar, Jianghuai to form China truck venture" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. To obtain Premium status, please contact us.
Why Become a Premium Subscriber?
WardsAuto.com Premium subscribers have access to the full breadth of Ward’s articles, news, analysis and features as well as all the Ward’s data and statistics as soon as they are available in Excel spreadsheet format. Learn more about the benefits of Premium access here.
