International Truck Launching Vocational Line for Severe Service Segment

Navistar has announced that it will launch a new line of premium vocational trucks for the severe service segment beginning in early-2016, leveraging shared technology and intellectual property from its venture with Caterpillar.

In addition, the company announced that it will transition to Caterpillar the production and engineering of the Cat-branded severe service trucks the company has been supplying to Caterpillar since 2011. Navistar will continue to manufacture trucks for Caterpillar through December 31, 2016.

Specific terms of the transition were not disclosed, but both companies will have the opportunity to leverage certain joint intellectual property, collaborate

Category: General Update