Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

India's M&M aquires Navistar stake in two JVs  Join our daily free Newsletter

MENAFN - 18/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Indian automaker Mahindra & Mahindra (M&M) said it will acquire US partner Navistar International Corp's 49 percent stake in two US joint ventures for USD33 million, The Wall Street Journal reported.

Mahindra, India's biggest sport-utility-vehicle maker by sales, owns 51 percent of both ventures, the Mahindra Navistar Automotives Ltd and Mahindra Navistar Engines Pvt Ltd.

The deal will allow Navistar to continue sourcing components from India, while M&M will continue to provide engineering services to the US company.

The companies formed their first joint venture, Mahindra Navistar Automotives Ltd. to manufacture trucks, in 2005.

In 2010, it bought out partner Renault three years after signing the JV agreement with the French major that brought the Logan car to India.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help