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Caterpillar and Navistar File Agreement for Truck Making JV

9/16/2009 12:00:00 AM

Caterpillar Inc. and Navistar International Corp. will put up $66 million by Nov. 1 for a new truck-making venture and provide an additional $90 million over the next three years...

Navistar.com -- Navistar International Corporation and Caterpillar Inc. closed a joint venture transaction resulting in a new company, NC2 Global LLC, to serve the global commercial truck market. Navistar and Caterpillar first announced plans to form a joint venture in June 2008 and have identified the leadership team of the new entity that will establish its headquarters in the Chicago area... [More]

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