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Rumor has it International Backed out of deal to purchase GM Med duty trucks.

Discussion in 'Chevy Trucks' started by Oshkosh, Sep 29, 2008.

  1. Oshkosh

    Oshkosh PlowSite.com Addict
    Messages: 1,655

    The latest on the sale of Gm's medium duty truck line to International/Navistar, is that International wanted to re evaluate the worth of the GM's medium truck line especially after all that has happened with the economy and GM said no...International said ok,No deal.
    Meanwhile my dealer can no longer get our 5500 parts from International and GM had cleared their inventory of parts having thought it sold out to International.Our parts manager says he is in a holding pattern on anything that isn't in stock until GM steps up and restocks their shelves.Our dealer is both a International and GMC dealer so he is stuck in the middle.
    Now the rumors go on.... Cat is to build a Medium duty truck to use as a platform for the International diesel...Since Cat is getting out of the road engine business they are looking to expand their market...Who ever would have thought...
  2. 06HD BOSS

    06HD BOSS 2000 Club Member
    Messages: 2,611

    The GM, Navistar deal was pretty much squashed back in August. GM has recently been in talks with Isuzu who actually just backed out of a deal last week. Lets wait and see what happens next...

    It must be pretty hard to unload an unwanted truck business these days. Just ask General Motors, which has attempted to sell its medium-duty truck operations first to Navistar and then Isuzu. Both heavy-duty diesel makers have passed on the offer. Isuzu had been rumored as a possible buyer for the unit after Navistar let the non-binding agreement pass by unsigned. Now, Isuzu President Susumu Hosoi tells Reuters, "There will be no such acquisition happening" from his company either, suggesting that the market for heavy-duty trucks has not yet hit the bottom...........
  3. mike psd

    mike psd PlowSite.com Addict
    from pa
    Messages: 1,028

    wow thanks for the info so going to buy a "cat truck " with some other engine in there i would image that because of emission standards
  4. Camden

    Camden PlowSite Fanatic
    Messages: 6,604

    You got it. The F'n greenies are way too influential in this country...probably because they've got deep pockets in Washington :rolleyes:
  5. Mark Oomkes

    Mark Oomkes PlowSite Fanatic
    Messages: 13,237

    Won't be long and they'll be crying for more emissions because of the Ice Age we're entering. lol
  6. Oshkosh

    Oshkosh PlowSite.com Addict
    Messages: 1,655

    Our dealer called today...

    Things must be tough...Our dealer(The Owner) called us today and asked if we had cut a check for our Paystar($135,000) We said why yes it is over in the office.He said he would be up at 7am to pick it up personally(2.5 hour drive).He then went on to say that they are squirming and needed it asap. This is a multi generation GMC/Navistar dealership...
    I just heard on the news that municipalities arnt even able to get loans at this point.Never mind people with AAA credit ratings are finding it harder and harder to get loans...Hang on I think it has just begun...