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Navistar subsidiary inks bus joint venture

Published Wednesday, October 01, 2008

Two leading companies based in Latin America intend to form a partnership to help meet the growing demand for public and commercial transportation around the globe. Camiones y Motores International de Mexico S.A. de C.V., the Mexico-based subsidiary of Navistar Inc. and San Marino Ônibus e Implementos LTDA, a Brazilian bus body builder, have signed a memorandum of understanding to form a joint venture to manufacture commercial bus bodies, which will be distributed as commercial integrated buses through the IC Bus Dealer channel beginning in 2009. The companies estimate that the global market for commercial buses is upwards ...

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