Columbus-based Cummins Inc. has signed a Memorandum of Understanding for a joint venture to produce on-highway diesel engines in Vietnam, according to Inside Indiana Business. Cummins will work with Vietnam Motors Industry Corp. Financial terms of the deal have not been set and no timetable for completing the joint venture agreement has been established.
Saturday, September 29, 2007
Vietnam Motors Industry Lures Cummins
Columbus-based Cummins Inc. has signed a Memorandum of Understanding for a joint venture to produce on-highway diesel engines in Vietnam, according to Inside Indiana Business. Cummins will work with Vietnam Motors Industry Corp. Financial terms of the deal have not been set and no timetable for completing the joint venture agreement has been established.
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