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International Business Articles

International & Mahindra in JV
International Truck and Engine Corp. will enter into a joint venture with Mahindra & Mahindra in India to produce and market light, medium and heavy commercial vehicles for India and export markets. The joint venture, to be named Mahindra International, will have 51% ownership by Mahindra and 49% ownership by International. The combined investment of the two companies will be more than $80 million over the next two to three years, Navistar said. [.....]
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