VIENNA – Ford Otosan, the Turkish joint venture of which Ford and Turkish Koc Holding each control about 41%, sign a technology-licensing agreement with Chinese auto maker Jiangling Motors, of which Ford holds a 31.5% stake, and its affiliate JMC Heavy Duty Vehicle. Under the agreement, Ford Otosan grants the intellectual property rights to the Ecotorq engines designed for heavy trucks to be used exclusively in JMC-branded vehicles produced in China, and to sell the licensed ...
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