Joint Ventures
JAC announced a pair of joint ventures with Navistar International Corporation and NC2 Global (itself a Navistar/Caterpillar joint venture) on 16 September 2010. The NC2 joint venture will manufacture heavy duty trucks and parts while the Navistar joint venture will build medium to heavy diesel engines in China with parts and services provisioned by Navistar. The new companies will both be located in Hefei where JAC is also based.
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Famous quotes containing the words joint and/or ventures:
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“If one ventures a word with you, will you be offended? But who can keep from speaking?”
—Bible: Hebrew, Job 4:2.
Eliphaz, one of Job’s “comforters,” to Job.