Chinese government regulators have approved a joint engine-making venture between Navistar International Corp. and Chinese truck maker Anhui Jianghuai Automobile Co. Ltd., Navistar said.
Originally announced in September 2010, the venture “sets the stage for global export opportunities of JAC’s light-, medium- and heavy-duty commercial trucks,” Navistar said in a statement.
The venture will focus on meeting the emerging needs of the Chinese commercial truck market by providing JAC with access to Navistar’s Euro IV and Euro V compliant technology.
The two companies plan to formally submit a commercial truck joint-venture application to the Chinese government later this fall, Navistar said.