Navistar-Maxion venture opens Brazil engine plant
SAO PAULO (Dec. 6, 1999) — Navistar International Corp. and Brazilian engine maker Iochpe Maxion SA invested $25 million to expand a factory in Brazil that will build truck engines for sale in South America and the U.S.
The factory in Canoas, in Brazil’s southernmost state of Rio Grande do Sul, will produce 7.3 liter, V-8 turbo diesel engines. Navistar, which also has a joint venture to make trucks with Brazil’s Agrale SA, bought 50% of the engine factory earlier this year.
The factory will export 100,000 engines to North America over the next four years. The 7.3-liter V-8 diesel engine is supplied to Ford Motor Co. for a range of vehicles in North America and also is used in International-brand trucks and school buses.
Output will eventually rise to match the installed capacity of 270 engines per day.
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