Latest News Updates From Joe Deaux

BusinessTechnologyFuelAutonomous

Tesla Strikes Deal for Nickel for Batteries to Ensure Supply

Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.

January 11, 2022
BusinessTechnologyAutonomous

Deere to Bring Fully Autonomous Tractor to Market This Year

Self-driving vehicles are moving off the roads and onto the fields. Deere & Co., the largest farm equipment manufacturer in the world, unveiled a fully autonomous tractor on Jan. 4, propelling it past rivals in the tech space.

January 4, 2022
Business

Deere鈥檚 Monthlong Strike Ends With Workers Approving New Deal

Deere & Co. union workers ratified a new labor contract with the company Nov. 17 to return to plants across the U.S., putting an end to their first strike since 1986.

November 18, 2021
BusinessEquipmentLogistics

Sinking Auto Steel Demand Reveals Cracks in Robust US Market

The record steel rally is starting to show early signs of cooling, with one top U.S. producer scouring for buyers to take over abandoned orders of high-end metal used by automakers.

November 2, 2021
BusinessEquipmentLogistics

Worker Shortage Adds to Supply Chain Snags, Caterpillar CEO Says

Caterpillar Inc. is having a tough time getting the materials it needs from suppliers facing a labor crunch, adding another hurdle for the machinery maker already has said a global chip shortfall may keep it from fully meeting demand this year.

September 15, 2021
BusinessTechnologyEquipmentLogistics

Aluminum Industry Frets That Supply Snarls Have Just Begun

Supply chain snags that have roiled commodity markets and helped push aluminum prices to a 13-year high this week are unlikely to ease any time soon.

September 13, 2021
BusinessTechnologyEquipment

Caterpillar Says Chip Shortage May Hurt Equipment Deliveries

Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world鈥檚 biggest maker of mining and construction equipment.

April 29, 2021
BusinessTechnologyEquipment

Caterpillar Sees Housing Boom Leading 2021 Sales Recovery

Caterpillar Inc. fourth-quarter earnings beat analysts鈥 expectations as reopening economies stoked demand for its signature yellow machines. The company said it expects stronger year-over-year sales this quarter, led by construction industries.

January 29, 2021
BusinessEquipment

Deere Raises Outlook With Farm Demand Cushioning Downturn

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an 鈥渦ncertain鈥 market due to the coronavirus pandemic.

August 21, 2020
BusinessEquipment

Caterpillar Sales Drop Highlights Worry of 鈥楥atatonic鈥 Recovery

Caterpillar Inc.鈥檚 machinery sales dropped by the most in 10 years last month in a sign of a deepening slump in its Americas businesses, where the company has extended plant shutdowns.

June 12, 2020

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