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Ford and Navistar Settle
Here is a exact quote from my Diesel Power magazine May 2009, page 27.
The battle over diesel-engine supply has ended- Ford and Navistar have reached an agreement to restructure their ongoing business relationship and settle all existing litigation, "According to Ford. The current contract will end December 31; however, the two will continue to collaborate on various things, such as the existing Blue Diamond Truck and Parts joint ventures. And the two will also have their diesel-engine supply partnership in South America. "As a result of the agreement, Ford will make a payment [the amount was not disclosed] to Navistar," said the announcement. |
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