Navistar International Corp. and MAN Nutzfahrzeuge AG of Munich, Germany, signed an agreement to collaborate on design, development and manufacturing of components and systems for commercial trucks, including a range of diesel engines. International Truck and Engine Corp., a subsidiary of Navistar, will be collaborating with MAN. International manufactures commercial trucks, school buses and mid-range diesel engines. MAN, a manufacturer of commercial vehicles, generated $8.9 billion in sales of trucks and buses for fiscal year 2003. The agreement is one of a number of opportunities that Navistar is exploring for growth and to meet its fiscal goal of $15 billion in revenue, said Daniel C. Ustian, Navistar president and CEO.
Navistar company to collaborate with German bus and truck maker
The deal includes the design, development and manufacture of components and systems for commercial trucks, including a range of diesel engines.
December 6, 2004
1 min to read
Topics:Management
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