Navistar eyes China diesel engine joint venture
Posted October 29, 2009 11:00 pm
Truck maker Navistar International Inc. says it is exploring a joint venture with a Chinese vehicle manufacturer to build diesel engines for commercial vehicles in China.
Navistar said Friday the proposed 50-50 joint venture with Anhui Jianghuai Automobile Co. would establish a research and design center in China's Anhui province.
Diesel engines produced under the joint venture would be used primarily in China as well as certain export markets.
Warrenville-based Navistar says the joint venture would be governed by an eight-person board consisting of four members from each company.
The venture still requires approval by each company's board of directors, as well as other approvals before it moves forward.
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