TRUCKMAKERS' NEWS * USA
* Caterpillar, Navistar to jointly make, sell trucks
Chicago,ILL,USA -Reuters -Jun 12, 2008: -- Caterpillar Inc. and Navistar International Corp. are forming an alliance to jointly build and sell a variety of trucks worldwide, the companies said on Thursday... The agreement is a sign that the North American truck-making industry is consolidating along the lines of the business in Europe... The news also quashed speculation that Caterpillar would exit the on-highway truck engine business, a market that has recently provided the company with more challenges than opportunities... However, Caterpillar will stop supplying engines to other North American manufacturers of these vehicles, starting with the introduction of engines designed to comply with 2010 U.S. clean-air rules... As a result, Caterpillar's archrival in the diesel engine space, Cummins Inc., now looks poised to capture more of the North American market in coming years, analysts said...
* Kenworth To Show T370 Hybrid Utility Truck
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Labels: truckmakers' news USA
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