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JAC forms engine JV with Cummins after Navistar exit

HEFEI, Anhui – JAC Automobile Co., Ltd. and Cummins signed a cooperation agreement on May 11 here to form a new 50:50 engine joint venture after Navistar and JAC mutually parted ways and Cummins purchased Navistar’s 50 percent equity of the JAC-Navistar Diesel Engine Co., Ltd. (JND).

The signing comes about 94 months after JAC established the JND JV in July 2012. Navistar’s 50 percent equity stake has been transferred to Cummins Sales and Services Singapore Pte. Ltd., and the new JV will temporarily be named JAC-Cummins Engine Co., Ltd.

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