The first rubber belted tractor, the Challenger 65, was developed by Caterpillar and hit the market in 1986. In 2002 Cat sold the Challenger line to AGCO.  |  Caterpillar photo

Why did Caterpillar sell off the Challenger line?

Former Cat CEO Glen Barton explained distribution challenges helped prompt the sale in a conversation after his retirement

In early 2002, Caterpillar sold the Challenger belted tractor line it had developed to Agco, just 16 years after it introduced it to the market. However, some Caterpillar dealers in Canada continued to sell the Challenger, and because of the Cat-built drive train, the tractors continued to carry a Cat decal on their sides for […] Read more