Cleveland utility-tractor maker Cub Cadet let its $2 million deal with James drop the following March.
He has been extensively involved in new product development in different industries including utility vehicles, tractors, furniture and manufacture equipment.
Mr. Runkle said it is also negotiating a licensing agreement with Zhongding, a Chinese company that manufactures engines for tractors, utility vehicles, and generators.
Mahindra, India's biggest maker of sport utility vehicles and tractors, will own 51percentt of the company, with Renault holding the remainder.
Tech Mahindra, a unit of the tractor and utility vehicle maker Mahindra & Mahindra, won an auction in April for a controlling stake in Satyam.
DEERE & CO., Moline, Ill., a maker of tractors, formed a joint venture with Yanmar Diesel Engine Co., Osaka, Japan, which makes diesel engines and agricultural equipment, to build transmissions and axles for small tractors and utility vehicles.
Mahindra, which makes tractors, sport utility vehicles and trucks, said it would acquire 55.2 percent of the Reva Electric Car Company by buying shares from the founders for an undisclosed price and by investing 450 million rupees, or $10 million, in the company.
Tech Mahindra belongs to the Mahindra group, a sprawling conglomerate that sells everything from sport-utility vehicles and tractors to housing loans and baby clothes.
Jeffrey Woods, 38, said his sport utility vehicle ricocheted off one tractor-trailer and under another.
Friday when the students' sport utility vehicle crashed into a tractor-trailer that had jackknifed on an icy stretch of the highway.
