Caterpillar, Navistar Announce Next Stage in Partnership

By WEEK Reporter

September 29, 2011 Updated Sep 29, 2011 at 10:23 PM CDT

Caterpillar, Inc. and designer and diesel engine manufacturer Navistar International Corporation have announced an agreement that would result in the development of a new vocational truck to be released worldwide.

The companies first announced their alliance in June of 2008, which led to the creation of NC2 Global, LLC, owned equally between Caterpillar and Navistar. 

Now, Caterpillar and Navistar say they are taking the next stage in the partnership, which will focus on developing, manufacturing, and selling vocational and on-highway trucks for not only North America but the rest of the world. 

"As we have looked at the success of the Cat vocational truck launch in North America, we believe that a similar business model for commercial trucks for the rest of the world makes the most sense for our customers," said George Taylor, Director of Caterpillar's Global On-Highway Truck Group. 

The companies say in addition to the Cat CT660 vocational truck that was unveiled earlier this year, a new model would soon be developed and sold globally. 

More information can be found at www.caterpillar.com.