Volvo and Navistar announced this morning that they have signed a letter of agreement for Volvo to supply engines to Navistar
for its International Class 8 trucks.
Volvo's Powertrain unit and Navistar still have to negotiate the details of the long-term agreement to supply 12- to 13-liter engines. The engines will initially be produced at Volvo Powertrain's plant in Skovde, Sweden. Eventually, production of the engines will be moved to North America.
"In the face of industry consolidation and concerns regarding future emissions standards and timing, we want to ensure that International customers and dealers have access to a 12- to 13-liter Class 8 engine," said Navistar in its announcement.
Volvo Group's President and CEO Leif Johansson called the agreement "a very exciting development."
"At a time when our North American truck operations are faced with serious challenges, this opportunity for growth within Volvo Powertrain is most welcome," Johansson said in a press release.
for its International Class 8 trucks.
Volvo's Powertrain unit and Navistar still have to negotiate the details of the long-term agreement to supply 12- to 13-liter engines. The engines will initially be produced at Volvo Powertrain's plant in Skovde, Sweden. Eventually, production of the engines will be moved to North America.
"In the face of industry consolidation and concerns regarding future emissions standards and timing, we want to ensure that International customers and dealers have access to a 12- to 13-liter Class 8 engine," said Navistar in its announcement.
Volvo Group's President and CEO Leif Johansson called the agreement "a very exciting development."
"At a time when our North American truck operations are faced with serious challenges, this opportunity for growth within Volvo Powertrain is most welcome," Johansson said in a press release.
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