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GVW Holdings Completes Sale of Workhorse and Uptime Parts to International

August 23, 2005

CHICAGO, IL — Grand Vehicle Works (GVW) Holdings Corp. has sold two subsidiaries, Work-horse Custom Chassis, LLC, and Uptime Parts, LLC, to International Truck and Engine Corp. GVW Holdings will continue to own and operate Autocar, LLC, a leading manufacturer of severe service vehicles, and UCBC (Union City Body Company), a contract assembler of step van bodies.
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