DEARBORN, Mich. - Ford Motor Co. and Navistar International announced Feb. 12 a joint-venture deal to make Class 6 and 7 commercial trucks.The trucks will be marketed separately in North America, unde...
DEARBORN, Mich. – Ford Motor Co. and Navistar International announced Feb. 12 a joint-venture deal to make Class 6 and 7 commercial trucks.
The trucks will be marketed separately in North America, under the Ford brand and the International brand.
Initially, the joint venture will produce a common truck chassis.
Navistar will provide product design and engineering, vehicle assembly operations and diesel-engine programs.
It’s facility in Escobedo, Mexico, will build the trucks.
“This joint venture will extend a strong business alliance with our biggest customer,” says John Horne, Navistar’s chairman, president and chief executive officer.
The joint venture will also include a joint North American commercial-truck parts-and-service program.
Both companies will have equal representation on the joint venture’s board of directors. Neither company will have an equity stake in the other’s parent company. n
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