Caterpillar and Navistar strengthen alliance
Caterpillar and Navistar have signed a definitive agreement to produce Caterpillar heavy-duty vocational trucks for sale in North America and form a 50/50 joint venture that will pursue global commercial truck opportunities outside of North America.
The joint venture will develop, manufacture and distribute commercial trucks in regions outside of North America and India, with the initial focus being on Australia, Brazil, China, Russia, South Africa and Turkey. The Cat-branded, on-highway, heavy-duty, vocational trucks will complement Caterpillar's existing range of earthmoving and construction equipment.
It is anticipated that the portfolio of products will feature both aero nose and cab-over designs and will be sold under both the Caterpillar and International brands. The first products are expected to be available as early as the third quarter of 2009.
The 50/50 joint venture formalises the alliance announced in 2008 that Caterpillar and Navistar would co-operate on future product development.
Views:0
- Yuchai Power Purchases 49% of Caterpillar Shares on Yuchai 2014-07-04
- Trucking Company Sues Caterpillar over Acert Engine Technology 2013-04-15
- Caterpillar invests $100 million for production base in Xuzhou 2012-03-26
- Peterson wins supplier excellence award from Caterpillar 2011-11-15
- Caterpillar now delivering first CT660 vocational trucks 2011-09-29
- Caterpillar 775G Mine Dumper to Release 2011-03-04
- Caterpillar to invest and establish plant in Thailand 2011-01-18
- Caterpillar plans to hit heavy truck market with the help of JAC 2010-12-30
- Caterpillar to shift complicated components base to China 2010-12-02
- Caterpillar will strengthen the investment to Jiangsu 2010-11-26
Submit Your Requirements, We Are Always At Your Service.
- BYD Stopped the Production of Fuel Vehicles
- Geely Began Test Runs of Green E-methanol Vehicles in Danmark
- 2022 SANY Global Dealer Summit Was Held Successfully Online
- BYD and Shell Partner on EV Charging across China and Europe
- Daimler Truck Significantly Increase Sales, Revenue and Net Profit in 2021
- Scania Year-end Report January-December 2021
- Hyundai Motor and Iveco Group Sign MOU to Explore Future Collaboration
- GAUSSIN Enters China, the Largest Truck Market in the World
- Over 1,200 Hydrogen-powered Vehicles Deployed for the Beijing Winter Olympics
- Chinese New Year Holiday Closure Notice
- China's Truck Exports Grew by 30% YOY to 63490 Units in January-February
- China's New Energy Heavy Trucks Grew Despite an Overall Slump
- Heavy-duty Truck sales in China Fell by 54% to 54,000 units in February
- SINOTRUK Achieves Sales of 27,725 Vehicles in January, 2022
- China’s Domestic Tractor Sales Exceed 40,000 Units in January
- 2021 JAC International Pickup Export Performance
- JAC Achieved a Great Result in 2021
- China's Truck Export in 2021 Reached a 10-year Peak
- Heavy-duty Truck Sales in China Fall 57 Percent on Year in January
- China Recorded Sales of 645000 Tractors in 2021
