EFC, your first post stated that the Ex3200 was a repainted AF326D hence my comment saying that is not the case.
Your next post said the new Cub was a featured down or base model Yanmar etc...Sounded like you were referencing another unit.
Yanmar has part ownership of the new company and the tractors are branded Cub Cadet/Yanmar. That tells me this is more than a vendor type relationship.
Here is a little information copied directly from Yanmar's Global website:
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New Joint Venture Company with MTD of the United States
Yanmar Agricultural Equipment Co., Ltd. has established a joint venture company with MTD of the United States. The new company will commence North American sales of Compact Utility Tractors (CUT) in October this year.
CUT’s are small tractors in the sub-50hp range used in such jobs as domestic lawn mowing and light construction work in residential areas. The market has expanded in recent years and has been attracting the increasing attention of both U.S. and foreign manufacturers.
Yanmar’s base tractor business in North America until now has consisted of OEM supply to John Deere, the world’s largest manufacturer of agricultural equipment. While maintaining this OEM business, Yanmar also plans to develop Yanmar brand products that respond directly to user demands and are perfectly matched to the North American markets for sale through the new company. Yanmar is a late arrival in this CUT market but brings to the joint venture a wealth of experience in small tractor technology. By utilizing MTD’s extensive sales network for these products, together with the high brand value of both companies, we are aiming to secure a firm market position.
Outline of the New Joint Venture:
Company name: C.U.T. Supply Company LLC
Address: 614 Liverpool Drive, Valley City, Ohio 44280
President: Masashi Shimo (from Yanmar Agricultural Equipment Co., Ltd.)
Date of Establishment: 1st November, 2006
Start of Operations: March 2007 (Full sales activity scheduled to start in October)
Business: Sale of sub-50hp CUT, general marketing etc.
Product Brand: Cub Cadet YANMAR (Co-brand)
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