Companies to shares afi Continue To davey havok recalls Collaborate on Medium Duty Trucks and Other InitiativesDEARBORN, Mich. & WARRENVILLE, Ill.–(Business Wire)–Ford Motor Company (NYSE: F) and Navistar International Corporation (NYSE: NAV)have reached an agreement to restructure their ongoing business relationship andsettle all existing litigation between the companies. As a result of the agreement, the companies will end their current diesel enginesupply agreement effective Dec 31, 2009. However, the companies will continueto collaborate on a range of initiatives, including their existing Blue DiamondTruck and Parts joint ventures.
Navistar will acquire additional equity in theBlue Diamond joint ventures, which will continue to offer dealers and customersF-650 and F-750 medium duty trucks, as well as parts support for a variety ofFord products, including Ford’s PowerStroke Diesel-equipped trucks afi t shirt . Ford andNavistar also will continue their diesel engine supply relationship in SouthAmerica decemberunderground . As a result of the agreement, Ford will make a payment to Navistar miss murder . “Navistar and Ford benefitted from a successful partnership that provided valueto both companies for nearly three decades jade puget . However, it`s in our best intereststo resolve our conflict and continue our relationship with each other in otherareas,” said Dan Ustian, Navistar chairman, president and chief executiveofficer.
“The next phase of our relationship is consistent with Navistar`sstrategy to diversify our customer base, while continuing to provide value toboth companies through our existing joint ventures and our supply agreement inSouth America.” “We are pleased to have reached an agreement with Navistar that we believe is inthe best interest of both companies,” said Mark Fields, Ford’s president of TheAmericas . “This agreement comprehensively addresses our business relationshipwith Navistar and will help both companies focus on meeting the needs of ourcurrent and future truck customers.” About Ford Motor CompanyFord Motor Company, a global automotive industry leader based in Dearborn,Mich AFI concert tickets ., manufactures or distributes automobiles across six continents totalimmortal . With about224,000 employees and about 90 plants worldwide, the company’s core andaffiliated automotive brands include Ford, Lincoln, Mercury, Volvo and Mazda.The company provides financial services through Ford Motor Credit Company lyricsx AFI tickets – afireinside . Formore information regarding Ford’s products, please visit About NavistarNavistar International Corporation (NYSE: NAV) produces International brandcommercial and military vehicles, MaxxForce brand diesel engines, IC brandschool and commercial buses, and Workhorse brand chassis for motor homes andstep vans, and is a private label designer and manufacturer of diesel enginesfor the pickup truck, van and SUV markets Navistar is also a provider of truckand diesel engine parts Another affiliate offers financing services . Additionalinformation is available at: NavistarMedia:Roy Wiley630-753-2627orInvestors:Heather Kos630-753-2406orFord Motor Company CommunicationsMarcey Evans313-322-9211313-673-3846 (cell) Copyright Business Wire 2009.
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