Engine Corporation, announced that it is placing its engine group into its own subsidiary. This will allow the Engine section of Navistar to develop its growing role in overall operations. Three months later International Engine Corporation initiated a joint venture with Siemens Automotive Corp, called Siemens Diesel Systems Technology LLC. In January 2001, Navistar completed the acquisition of their former joint venture partner, Maxion International Motors. And most recently, Navistar announced a joint venture with Ford Motor Company to build commercial trucks. This venture is also expected to lead to further applications to the small truck market, diesel engine production.Over the past year and a half Navistar has made its engine division a core product that will support and move its truck/bus division into the future. The current emphasis on environmentally friendly products has made it important for companies to develop the technology that will meet this need. Navistar has been the leader in developing engines and clean air technology that will still meet the needs of all its customers. Although Henlys currently has a large part of the bus market, the environmental and safety issues will play a significant role in whether or not they will maintain their 47% share of the market. Navistar is well positioned to meet these strategic challenges and if they continue on their current path they will make major gains within the market....
