Cummins Inc. and Anhui Jianghuai Automobile Group Corp. Ltd., or JAC Motors, said May 14 that they have formed a 50-50 joint venture after the Indiana-based engine manufacturer bought Navistar's 50% equity in the JAC-Navistar Diesel Engine Company.
The manufacturing operations of the joint venture, which is subject to regulatory approvals, will continue in Hefei, China. Cummins supplies light-duty, mid-range and heavy-duty engines to JAC Motors for China as well as the global market. The new venture will continue to offer NS V diesel engines and develop new products that meet NS VI standards.
Cummins will continue its partnership with Navistar.
General Manager of JAC Motors Xiang Xingchu said: "By integrating our equipment expertise with Cummins' world-class technological and powertrain capabilities, we are confident we have the right formula in place for tremendous success."