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Modec forms joint venture with Navistar International

Aug 19, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

Company: Navistar International Corp. (NAV)

Modec UK, a manufacturer of commercial electric vehicles, has formed a joint venture (JV) with Navistar International Corporation, a US-based automobile holding company.

The JV company Navistar-Modec will produce and sell electric Class 2c-3 commercial vehicles in North, Central, and South America. 

Deal Type    Partnership
Sub-Category Joint Venture
Deal Status  Completed: 2009-08-18

Deal Participants 

Partner 1 (Company) Navistar International Corporation (formerly International Truck & Engine Corp)
Partner 2 (Company) Modec UK

Copyright (C) 2009 Datamonitor Financial Deals Tracker. All rights reserved

News Provided by COMTEX

Company: Navistar International Corp. (NAV)


Related terms: automobile, commercial, joint venture, manufacturer, partnership, south america

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