Peoria, Illinois-based equipment manufacturer Caterpillar Inc. has announced it will discontinue production of its on-highway vocational trucks.
Caterpillar says based on the current business climate in the truck industry and a thorough evaluation of the business, the company decided it would withdraw from this market. This move also is in line with the company’s ongoing restructuring to align its businesses with existing conditions. As a result of this action, Caterpillar says it will cease taking new orders for vocational trucks, although the company notes it remains committed to existing truck customers and will support the existing trucks currently on the road.
Caterpillar launched its first vocational truck in the North American market in 2011, working with Navistar on the products’ design and build. Last year, the company announced its intention to begin independently designing and manufacturing its vocational truck products at the Caterpillar plant in Victoria, Texas.