General Motors Europe (GME) and Caterpillar Logistics Services, Inc. (Cat Logistics), a wholly owned subsidiary of Caterpillar Inc., have reached a ten- year agreement to form Caterpillar Logistics Supply Chain Services GmbH, a joint venture company.
This project is part of GME"s comprehensive restructuring program announced last fall.
Serving as a third party logistics provider, the joint venture will implement Cat Logistics" industry best practices to deliver aftermarket warehouse productivity increases, ultimately having a positive impact on service levels and the financial performance of GME"s supply chain. The joint venture will be responsible for operations at GME"s parts and accessories distribution facilities in Bochum and Russelsheim, Germany, and Rome, Italy. By December 1, approximately 100 employees from GME"s Italian warehouse will transition to the joint venture. By February 1, 2006, another 1,100 employees from GME"s German facilities will follow.
"We are confident that teaming with Cat Logistics will take our European logistics performance to a new level, providing an even more reliable service to our retailers and customers. The joint venture will make a significant contribution toward improving our overall competitiveness in Europe," said Jonathan Browning, Vice President Sales, Marketing and Aftersales of General Motors Europe.
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