Modec & Navistar Forming A Joint Venture

Modec and Navistar recently announced that they will soon finalize a joint venture that will produce class 2c-3 commercial trucks.  The trucks will have the Navistar brand and will be assembled in Indiana.  Navistar recently won a $39.2 million grant from the US government’s Recovery Act funds targeting battery technology and electric vehicles.  The grant will be used by the joint venture to develop 400 electric commercial trucks in 2010 with a range of 100 miles.  In the following years the JV is expected to produce thousands of vehicles annually.  Modec currently sells electric trucks to companies such as Fedex, UPS and supermarket chains.  Learn more:

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