# 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.

- Type: Acquisition
- Announced: 2018-05-14
- Where: Hefei, Anhui Province, China
- Status: announced
- Products: diesel engines
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Cummins](https://endata.com/companies/6668.md) (acquirer)
- [Navistar](https://endata.com/companies/21389.md) (target)
- [Anhui Jianghuai Automobile (JAC Motors)](https://endata.com/companies/31861.md) (partner)

## Sources

- [investor.cummins.com](https://investor.cummins.com/news/detail/386/cummins-and-jac-motors-form-joint-venture-partnership), 2018-05-14: "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)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.