Following
their ‘framework agreement’ in November 2000 to focus on fuel systems, medium
duty engines, and engine technology, Caterpillar and DaimlerChrysler have now
agreed to concentrate on developing long-term supply agreements for fuel systems
and heavy-duty truck engines for DaimlerChrysler’s North American truck unit,
Freightliner.
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Discussions on a medium-duty engine joint venture have been deferred, while
the two companies focus their attention on Freightliner.
“This agreement has been very complex, however we’ve made solid progress
during our discussions,” said Richard L. Thompson, Caterpillar group president
with responsibility for the company’s engine divisions.
“I’m pleased to report that we’ve decided to focus on fuel systems and
will continue to work together on other engine related technology projects.”
“We intend to continue our positive discussions with Caterpillar,"
said Dr. Eckhard Cordes, head of DaimlerChrysler’s commercial vehicle division.
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By GlobalData
“We want to give this relationship the necessary time to evolve in a sensible
way that will benefit both companies. For that reason, it’s essential for us
to now focus more intently on the fuel systems side of the business.”
Teams of employees from both companies are continuing to work on various engine
technology and fuel systems projects.
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