NC2, JAC pursue China truck joint venture

  • 22-Oct-2009 01:50 EDT

NC2 Global LLC and Anhui Jianghuai Automobile Co. Ltd. (JAC) signed a framework agreement to potentially establish a joint venture in China that would develop, manufacture, and sell trucks and truck parts primarily in China and certain export markets. The proposed 50-50 joint venture would take advantage of the financial strength, technology know-how, and global distribution network provided by NC2, the commercial truck joint venture between Navistar International Corp. and Caterpillar Inc., and the existing medium- and heavy-duty truck business of JAC, including its existing manufacturing facilities in China. The joint venture is expected to be finalized by mid-2010.

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