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Joint Venture - China - Cummins enters Chinese light-duty diesel market
BEIJING,China -The Auto Channel -March 7, 2006: -- Cummins Inc. and China's Beiqi Foton Motor Company (Beiqi Foton) today announced they have signed a feasibility study plan for the formation of a 50/50 joint venture company to produce two types of light-duty diesel engines for use primarily in the commercial market... Beijing Foton Cummins Engine Company will be based in Beijing and will produce two types of engines based on Cummins designs...
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