Newswire

Navistar inks licensing deal with Chinese maker

BOSTON, Sept 28 (Reuters) - Diesel engine maker Navistar International Corp. on Thursday said one of its divisions had reached a licensing agreement allowing China's Dongfeng Chaoyeng Diesel Co. to manufacture and sell certain Navistar-designed diesel engines in China.

Financial terms of the deal, which is subject to Chinese regulatory approval, were not disclosed. Navistar said the venture would initially produce 40,000 to 50,000 engines per year.