October 22, 2012 by Joey Wang
Navistar has formed an engine joint venture with Jianghuai Automobile Co in Anhui province and is again clocking up miles on a road trip in China that began more than 60 years ago.
Navistar, with roots that go back to Chicago in 1902, is headquartered in Lisle, Illinois, and had revenue of $14 billion last year. JAC is a commercial vehicle manufacturer whose products include buses, heavy-duty trucks and light trucks. Its turnover was 30.47 billion yuan ($4.87 billion) last year.
August 27, 2012 by Joey Wang
A joint venture between Navistar International Corp and China-based truck maker Anhui Jianghuai Automobile Co Ltd was launched Thursday in Beijing. The move signals the official start of the companies’ cooperation in China’s market for truck engines.
“Engine production is an area with a considerable amount of profits,” JAC president An Jing told the China Securities Journal. “The best engines can be sold for more than 100,000 yuan ($15,792), while the price of a heavy-duty truck is around 300,000 yuan.”