Navistar Gets Approval for China Engine Venture

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.

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.