NEW YORK (Trefis) — Caterpillar has signed an agreement with Westport, a global leader in natural gas-powered engines, to co-develop natural gas technology for Caterpillar’s engines. The company will incur R&D costs under the agreement and the commercial production is expected to start within the next five years.
Caterpillar competes with other global industrial equipment and engine manufacturers such as CNH Global NV, Komatsu (KMTUY: PK) and Volvo AB (VOLVY: PK).
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Visit link: CAT Partners With Westport for Nat Gas Engines
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