Cat is joining with a subsidiary of Weichai for drivetrain parts. Looks like CAT is getting more and more comfortable in China. Wonder if this could lead to a larger JV with CYD? Maybe joint manufacturing and design of engines.
This is 100% and Chinese company figure this out in a hard way, but I think some of them learned their lesson and I certainly hope Yuchai benefit in this relationship instead of lose. Yuchai always seeking technology independent and I think they should benefit.
Sorry but I do not know how to post a link. Kind of new at this posting stuff (Not investing 40+ years, just posting). Came through Reuters. A little help with this would be appreciated. I am a quick study. TIA.