Post by dieseldoc on Jun 17, 2008 19:33:17 GMT -5
Got this in my work email today. Darn near fell over when I read it.
[glow=red,2,300]Caterpillar Exits U.S. Truck Market, Partners With Navistar [/glow]
By Light & Medium Truck
Caterpillar Exits U.S. Truck Market, Partners With Navistar
In an agreement that signaled a major shift in the U.S. and international commercial truck markets, Navistar International and Caterpillar Inc. said Thursday they will pursue business opportunities around the world together as Caterpillar bowed out of the North American medium- and heavy-duty engine market.
Caterpillar Inc. said it will pull out of the North American commercial truck market by 2010, except for a severe-duty truck and engine built in partnership with Navistar.
Caterpillar will continue to sell its on-highway engines through 2009 and support those and the engines currently on the road, company executives said.
Thanks in part to the more than 4,700 Caterpillar distribution points around the world, Navistar said it would become a global manufacturer of heavy- and medium-duty trucks and engines, with trucks to be produced in both conventional and cab-over-engine configurations.
Caterpillar's announcement includes its midrange and heavy-duty engines. The company will continue to market a medium-duty automatic transmission, but it was not clear which original equipment manufacturer would offer it, said Charissa Ebbert, spokeswoman for Caterpillar's global marketing support.
Adding Severe-Service Truck
Caterpillar will offer a severe-service truck in the U.S. market sometime around 2010. The truck will be aimed at construction, logging, oil fields and low-boy sectors, according to a release. Navistar will build both the truck and engine, although they will be "reconfigured" to Cat specifications and both will carry the Cat brand.
The two companies intend to reach a final agreement on their global partnership within six months.
The June announcement also said the companies would work together to develop mid-range engines for diesel applications such as school buses and utility trucks, but did not provide additional details.
[glow=red,2,300]Caterpillar Exits U.S. Truck Market, Partners With Navistar [/glow]
By Light & Medium Truck
Caterpillar Exits U.S. Truck Market, Partners With Navistar
In an agreement that signaled a major shift in the U.S. and international commercial truck markets, Navistar International and Caterpillar Inc. said Thursday they will pursue business opportunities around the world together as Caterpillar bowed out of the North American medium- and heavy-duty engine market.
Caterpillar Inc. said it will pull out of the North American commercial truck market by 2010, except for a severe-duty truck and engine built in partnership with Navistar.
Caterpillar will continue to sell its on-highway engines through 2009 and support those and the engines currently on the road, company executives said.
Thanks in part to the more than 4,700 Caterpillar distribution points around the world, Navistar said it would become a global manufacturer of heavy- and medium-duty trucks and engines, with trucks to be produced in both conventional and cab-over-engine configurations.
Caterpillar's announcement includes its midrange and heavy-duty engines. The company will continue to market a medium-duty automatic transmission, but it was not clear which original equipment manufacturer would offer it, said Charissa Ebbert, spokeswoman for Caterpillar's global marketing support.
Adding Severe-Service Truck
Caterpillar will offer a severe-service truck in the U.S. market sometime around 2010. The truck will be aimed at construction, logging, oil fields and low-boy sectors, according to a release. Navistar will build both the truck and engine, although they will be "reconfigured" to Cat specifications and both will carry the Cat brand.
The two companies intend to reach a final agreement on their global partnership within six months.
The June announcement also said the companies would work together to develop mid-range engines for diesel applications such as school buses and utility trucks, but did not provide additional details.
