June 25, 2008

Caterpillar and Navistar join forces to pursue global truck opportunities

WARRENVILLE, ILL.

Caterpillar Inc. and Navistar International Corporation have signed a memorandum of understanding (MOU) to pursue global highway truck business opportunities and co-operate on a variety of engine platforms.

The two companies intend to focus on global truck opportunities, including North American severe-service construction trucks, as well as technology development for engines worldwide.

Through this alliance, Caterpillar plans to target a 2010 introduction of a North American Cat-branded heavy-duty truck for severe-service applications, such as road construction, large infrastructure projects and oil and petroleum development.

“Caterpillar and our dealers will continue to provide product support and service beyond 2010 for all Caterpillar on-highway engines regardless of truck brand,” said Douglas R. Oberhelman, Caterpillar Group president.

“In addition, with nearly 90 per cent of our engine business being off-highway, we’ll continue to concentrate on our substantial and growing opportunities to supply engines in the petroleum, marine, electric power generation and industrial market — as well as produce engines for our own construction and mining equipment.”

DCN News Services

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