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Ford, Navistar settle litigation

Published Wednesday, January 14, 2009

Ford Motor Co. and Navistar International Corp. have reached an agreement to restructure their ongoing business relationship, settling all existing litigation between the companies. Ford and Navistar will end their current diesel engine supply agreement effective Dec. 31, 2009, but will continue to collaborate on a number of initiatives, the companies said. This will include the existing Blue Diamond Truck and Parts joint ventures, in which Navistar will acquire additional equity as a result of the agreement. “Navistar and Ford benefitted from a successful partnership that provided value to both companies for nearly ...

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