Cummins and JAC Motors form 50:50 JV after Cummins buys Navistar's stake in JND

Cummins purchased Navistar's 50% equity in the JAC-Navistar Diesel Engine Company (JND) and will form a 50:50 joint venture with JAC Motors. The new JV will continue operations at the Hefei facility, pending regulatory approval.

“Cummins Inc. and Anhui Jianghuai Automobile Co. Ltd. (JAC Motors) announced today that the two parties will form a 50:50 joint-venture after Cummins purchased Navistar’s 50 percent equity of the JAC-Navistar Diesel Engine Company (JND).”investor.cummins.com

• 1 source
• investor.cummins.comCummins and JAC Motors Form Joint Venture Partnership :: Cummins Inc. (CMI)May 14, 2018

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