The company, which is the local arm of a global joint venture between Caterpillar Inc and Navistar International Corporation, will now trade under the name Navistar Auspac Pty Ltd.
Navistar Auspac is a wholly owned subsidiary of Navistar Inc and its executives and staff will maintain their existing roles.
?This is an extremely positive and timely change,? Navistar Auspac managing director Kevin Dennis explained. ?Navistar sees growth opportunities in the Australian, New Zealand and Pacific markets, and we are committed to realising the potential.
?To have a major company like Navistar put its name to this region creates assurance for our current and future customers that they are dealing with a company that is totally dedicated to the truck business.
?It?s certainly refreshing to now be officially operating under one powerful and widely respected brand name.?
Navistar traces its heritage back to America?s industrial infancy in 1831 and Cyrus McCormick, the inventor and founder of the McCormick Harvesting Machine Company, which became part of the International Harvester Company. In 1986, the International Harvester Company changed its name to Navistar International Corporation.
Today, Navistar is one of the world?s largest commercial manufacturers of trucks, buses and engines for North America and several large export markets. The company manufactures Cat branded trucks under licence from Caterpillar Inc in Australia and New Zealand.
The NC2 Global joint venture between Navistar and Caterpillar first opened its Australian operations in March 2010 at Caterpillar Australia?s manufacturing facility at Tullamarine, Victoria.
Navistar also sells the International brand of on-highway truck and provides truck and diesel engine service parts. Another affiliate offers financing services.
Source: Navistar Auspac