Cat, Navistar refine NC2 Global joint venture

www.chinatrucks.com: Caterpillar and Navistar have revealed details about the next phase of their NC2 Global truck alliance, including the introduction of a cabover Cat for the global market.

The companies also announced they will restructure certain aspects of the NC2 Global joint venture, with NC2 becoming a wholly-owned subsidiary of Navistar. A new brand licensing agreement will see both International and Cat-branded trucks distributed through both International and Caterpillar dealers outside the US.

"This next phase will move the relationship to a structure and business model that will be similar to the business relationship we have with Navistar for our North American vocational trucks," said George Taylor, director of Caterpillar's Global On-Highway Truck Group. "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."
"This new relationship streamlines the organization and will help us move faster and more efficiently," added Phil Christman, president of NC2. "Customers and dealers in the global markets where NC2 has established distribution will build on their early successes with no interruption and with the added benefit of getting products sooner."

Caterpillar and Navistar entered into a 50/50 joint venture called NC2 Global in June, 2008. The organization if focused on developing on-highway trucks for markets outside North America.

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