As the next step in the alliance announced last June, Caterpillar and Navistar have signed a definitive agreement to produce Caterpillar heavy-duty vocational trucks for North America and form a 50/50 joint venture to pursue global commercial truck opportunities
outside of North America.
Caterpillar Chairman and CEO Jim Owens said the company looks forward to becoming a significant player in the global on-highway truck market. "Additionally, the introduction of a Cat Vocational Truck line in North America represents an exciting opportunity for Caterpillar and the Caterpillar dealer network to extend our reach in this market and offer customers a total job site solution."
The 50/50 joint venture will develop, manufacture and distribute commercial trucks in regions outside of North America and India. Markets for the joint venture products will be assessed individually with initial focus being Australia, Brazil, China, Russia, South Africa and Turkey. It is anticipated that the portfolio of products will feature both aero nose and cabover 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.
Under the strategic alliance Caterpillar and Navistar will develop and manufacture a new line of heavy-duty Caterpillar vocational trucks for North America only. The new Caterpillar trucks will be co-developed by Caterpillar and Navistar and manufactured in Navistar's Garland, Texas, facility. The trucks will be sold and serviced through the Caterpillar North American dealer network.
"The heavy-duty vocational trucks will be purpose-built to complement Caterpillar's existing product line and will give Caterpillar dealers an unmatched ability to support customer needs from extraction through delivery," said George Taylor, director and general manager of the Caterpillar Global On-Highway Department.
The Caterpillar trucks will feature key Caterpillar proprietary components and technology and will target customers who operate in a wide variety of vocational applications, such as earth moving, quarry, waste, mining, general and heavy construction, logging and road construction.
The new Caterpillar on-highway vocational trucks will be unveiled in late 2010 and will go into full production in early 2011. The trucks will be sold and serviced exclusively by Caterpillar dealers in North America.
outside of North America.
Caterpillar Chairman and CEO Jim Owens said the company looks forward to becoming a significant player in the global on-highway truck market. "Additionally, the introduction of a Cat Vocational Truck line in North America represents an exciting opportunity for Caterpillar and the Caterpillar dealer network to extend our reach in this market and offer customers a total job site solution."
The 50/50 joint venture will develop, manufacture and distribute commercial trucks in regions outside of North America and India. Markets for the joint venture products will be assessed individually with initial focus being Australia, Brazil, China, Russia, South Africa and Turkey. It is anticipated that the portfolio of products will feature both aero nose and cabover 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.
Under the strategic alliance Caterpillar and Navistar will develop and manufacture a new line of heavy-duty Caterpillar vocational trucks for North America only. The new Caterpillar trucks will be co-developed by Caterpillar and Navistar and manufactured in Navistar's Garland, Texas, facility. The trucks will be sold and serviced through the Caterpillar North American dealer network.
"The heavy-duty vocational trucks will be purpose-built to complement Caterpillar's existing product line and will give Caterpillar dealers an unmatched ability to support customer needs from extraction through delivery," said George Taylor, director and general manager of the Caterpillar Global On-Highway Department.
The Caterpillar trucks will feature key Caterpillar proprietary components and technology and will target customers who operate in a wide variety of vocational applications, such as earth moving, quarry, waste, mining, general and heavy construction, logging and road construction.
The new Caterpillar on-highway vocational trucks will be unveiled in late 2010 and will go into full production in early 2011. The trucks will be sold and serviced exclusively by Caterpillar dealers in North America.
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