Dec. 17 – Power Investments, a subsidiary of Delco Remy, and Navistar International announced they are forming a joint venture to provide remanufactured engines and component parts.

Magnum Power Products, as the venture will be called, will be the worldwide remanufacturer for designated International diesel engines and certain private label brand engines designed and remanufactured by Navistar. Power Investments will provide the remanufacturing expertise while Navistar provides the technical and engineering support.
Initial remanufactured products to be provided by the joint venture will include the 7.3-liter V-8 turbo diesel Ford Power Stroke brand, the International T444E direct injection V-8 diesel engine, and related engine components. Through the joint venture, Navistar is Ford’s sole authorized remanufacturer of 7.3-liter V-8 turbo diesel engines.