Less than a year after announcing it would produce a line of trucks for on-highway use, Caterpillar discontinues production of vocational trucks.
CCJ published an article about this issue, and what it means for CDL drivers.
In May of last year, CAT rolled out two new refreshed trucks: the CT680L and the CT680LG. However, based on the current business climate in the truck industry and a thorough evaluation of its business, CAT says it decided to withdraw from the market.
“Remaining a viable competitor in this market requires significant additional investment to develop and launch a complete portfolio of trucks,” says Ramin Younessi, vice president with responsibility for Caterpillar’s Industrial Power Systems Division. “And, upon an updated review, we determined no sufficient market opportunity to justify the investment.”
Caterpillar shuttering its truck operations is the company’s latest effort in an ongoing restructuring.
It consolidates its Electric Power and Marine & Petroleum Power Divisions into a new Electric Power, Marine and O&G Division.
But what could this mean about the maintenance of the trucks already on the road? Not to worry, CAT says that it will continue to support those trucks.
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