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Navistar, Iveco to part company, Caterpillar to take over


Effective from 9 October 2010, Navistar International Corporation and Iveco Trucks Australia Limited have agreed to terminate the supply, technical assistance and license agreement under which Iveco markets certain models of Navistar’s International brand trucks in Australia.
 
After that date, Navistar products will be designed, manufactured and distributed by NC2, the global commercial truck joint venture between Navistar and Caterpillar Inc..
 
Under a separate agreement, Iveco will continue to provide authorised parts, service and support for International trucks in Australia for a period of seven years. In addition, Iveco will continue to build and sell its existing ADR80-02 inventory of International trucks, which is currently estimated to extend through approximately June 2011. Existing product warranties for vehicles sold through this time will continue in force as per their original terms.
 
“Iveco is pleased to continue its relationship with Navistar as an authorised provider of parts, service and support for International trucks, for the long term,” said Giorgio Gallia, Iveco’s managing director. “Current International truck buyers can be assured of receiving excellent ongoing support for the current range of International trucks produced in Australia.”
 
“This amicable agreement preserves continued service for International brand trucks in Australia,” said Phil Christman, president, Navistar global truck operations. “We look forward to continuing to provide our Australian customers with new truck models via the dealer network being established by NC2.”
 
 
 
 
 

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