WARRENVILLE, Ill. — NC2, the joint venture between Navistar International and Caterpillar, has worked out the framework for a deal with Anhui Jianghuai Automobile (JAC) in China to develop, manufacture and sell trucks and truck parts there and in certain export markets, the companies announced.
The deal would bring together NC2’s global presence and financial strength and Anhui Jianghuai Automobile’s medium- and heavy-duty truck manufacturing capabilities in China.
“If we are able to reach a definitive agreement, this proposed joint venture would directly support NC2’s strategy to produce and market a full line of commercial on-highway trucks for markets outside of North America,” said Al Saltiel, president of NC2. “The opportunity to leverage existing JAC manufacturing facilities and business relationships has the potential to accelerate NC2’s global business plans. We look forward to working with JAC to quickly bring exciting new products to market.”
“The proposed agreement offers JAC the opportunity to enhance its productive technology and research and development capacity,” added An Jin, general manager of JAC. “JAC views this potential venture with NC2 as a significant opportunity to continue to develop our truck business.”
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