Caterpillar Kills Cat Truck Program, Abandons On-highway Market

摘要

Caterpillar has discontinued its Cat Truck on-highway vocational trucks, and blamed "the current business climate in the truck industry" for its withdrawal from the market. "This is also in line with the company's ongoing restructuring to align its businesses with existing conditions," the statement said. Those previously announced moves include personnel layoffs and cutbacks in production of its earth moving and material handling equipment.