Friday, September 30, 2011 Caterpillar, Navistar Announce Next Phase of Global Truck Alliance
 Caterpillar Inc. and Navistar International Corporation announced September 29 the next phase of cooperation between the two companies to develop, manufacture, sell and support vocational and on-highway trucks for the North America market and the rest of the world.
Building on the success of the companies’ strategic relationship to produce Cat heavy-duty vocational trucks for North America, the companies will restructure certain aspects of NC2. Under the terms of this new relationship, NC2 will become a wholly owned subsidiary of Navistar and through a new brand licensing agreement, both International and Caterpillar branded trucks will continue to be distributed through both International and Caterpillar dealers outside of the United States.
In addition to the current CT660 vocational trucks that are being produced for customers in North America, Caterpillar and Navistar have also signed a new, non-binding memorandum of understanding to develop a new, cab-over-engine Cat vocational truck that would be sold globally. The companies will finalize the terms of this new business in the coming months.
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