Ford And Navistar Team Up To Build Trucks In Mexico.

MEXICO CITY, Aug 8, 2001

Ford Motor Company (NYSE:F) and Navistar International (NYSE:NAV) announced the creation of a joint venture to build commercial trucks with petroleum engines in NAV's Mexican plant in Escobedo, reported Mexico City daily la Reforma. The new company will be called Blue Diamond Truck Company LLC, although Ford and NAV will market their trucks independently under their own names. Ford, the second largest car manufacturer in the world, and NAV, an international leader in the manufacturing of trucks and buses, will each own 50 percent of the company and contribute an equal number of board members. Financial details of the project were not released.

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