Next Generation Vehicle definition
Next Generation Vehicle means a completely new vehicle model or a “redesigned” vehicle model, but not a “carryover” or “model refresh,” as such terms are generally understood in the automotive industry.
Examples of Next Generation Vehicle in a sentence
If Licensor is selected by the USPS to manufacture the NGDV under the USPS Next Generation Vehicle Production Program, Licensor will provide Licensee a right to bid for the contract manufacture of such vehicle and will negotiate the terms of such contract manufacturing agreement in good faith with Licensee for a period of no less than thirty (30) days.