Navistar Inc. says 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. The company has been supplying trucks to Caterpillar since 2011.
Navistar and Caterpillar also announced that production and engineering of the Cat-branded severe service trucks will transition into Caterpillar’s hands by year’s end. Navistar will continue to manufacture trucks for Caterpillar through December 31, 2016.
Specific terms of the transition were not disclosed, except that both companies will have the opportunity to leverage certain joint intellectual property, collaborate with suppliers and utilize licensing agreements moving forward.
"Navistar and Caterpillar have had a strong, collaborative working relationship through a number of projects and partnerships for many, many years," said Bill Kozek, president, Navistar Truck and Parts. "This next phase provides Navistar with an exciting opportunity to introduce new technologies and product features into our new line of premium vocational trucks that we'll launch in 2016."
