Quote:
Originally Posted by C/K Man
As far as the Navistar/Cat deal prempting the Navistar/GM deal, I doubt it. Cat is getting out of the domestic highway truck engine business. The Cat deal with Navistar involves selling Cat branded International off road trucks in markets outside North America. The Navistar/GM deal was supposed to be Navistar taking the GMC and Chevy medium/heavy commercial lines. Navistar would manufacture and distribute the trucks to GM dealers. As you can see, the deals do not overlap. I was told that the Navistar/GM deal was supposed to be finalized this month, but no official announcement has been made. Some of my International friends are saying there is a rumor the deal is off, but they didn't have any specifics either.
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Any particular reason why it would be off then if the two deals don't overlap? Very curious...