Caterpillar, Navistar announce partnership
Thursday, June 12, 2008
From Fleet Owner:
Caterpillar, Navistar to team up
Caterpillar Inc. and Navistar International Corp. have signed a Memorandum of Understanding (MOU) to cooperate on a number of engine platforms and pursue global on-highway truck business opportunities, the companies announced this morning.
Through the strategic alliance, Caterpillar said it plans on introducing a North American Cat branded heavy-duty truck in 2010 designed for severe service applications, such as road construction, large infrastructure projects and oil and petroleum development.
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From Trucks At Work:
A very big deal
Hoo boy. Here we go. By the end of today, we’ll have news stories galore all over the place detailing the just announced “memorandum of understanding” Caterpillar Inc. and Navistar International Corp. to form a strategic partnership aimed at garnering more share of the global on-highway truck business, while cooperating on a variety of engine platforms.
They also intend to work together to develop, manufacture and distribute commercial trucks in select regions outside of North America – which includes a full line of medium and heavy-duty trucks in both conventional and cab over designs. Will we see those trucks come into the North American market someday in the future? If I was a betting man, I’d wager a few bucks that they will.
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posted by benmcclanahan @ 11:46 AM,
