10/30/2009 - Navistar, Inc. (NYSE:NAV) and Anhui Jianghuai Automobile Co. Ltd. are exploring a potential joint venture to develop, build, and market advanced diesel engines for commercial vehicles in China. If the joint venture is formed, it will have a 50/50 ownership between Navistar and JAC and would establish a research and design center in China's Anhui province for application engineering development, product design, and technology advancements. Eric Tech, President of Navistar Engine Group, said, "This proposed joint venture would bring together the resources of two leaders, JAC in China's commercial vehicle segment and Navistar in the global diesel engine business. The result would yield outstanding advanced technology products for commercial truck owners throughout the region." JAC's Chairman Zuo Yanan said, "This key initiative would not only give JAC access to world-class engine products, technology and management but would also support our long-term business growth strategy."

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