Don't ask us the terms of the deal, because we don't know them. According to the press release, the new venture will target vocational markets such as refuse and construction. Leaving aside the rather obvious observation that now does not seem like such a good time to be launching a construction vehicle just about anywhere, we also find ourselves wondering about the Navistar - CAT deal which also mentioned construction-centric vehicles. CAT, incidentally, saw its stock up by around 3.5 per cent today. Given that the US construction industry is somewhat sluggish at present, Navistar does seem to be rather keen on vehicles appropriate for use therein, and may be getting ready to take the fight to Mack, which can reasonably lay claim to some pre-eminence in this sector.