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Navistar-Cummins Venture Needs Indiana Loan Guarantee
May 8, 2001
1 Min Read
Chicago — Cummins Inc. and commercial truck manufacturer Navistar International Corp. are planning to develop cleaner, medium-bore engines at Cummins' Jamestown, N.Y. plant. However, unless the state of Indiana agrees to provide Cummins with a $35 million loan guarantee, the proposed $200 million joint venture could disintegrate,
Stark's Component Ledger
reports.
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