Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.
July 25, 2016Caterpillar News Updates
Caterpillar to Pay $60 Million to Settle Engine Defect Claims
Caterpillar Inc. has agreed to pay $60 million to settle claims about defects in its C13 and C15 engines, which were taken off the market after widespread reports by fleets of shutdowns and sudden loss of horsepower.
June 29, 2016Caterpillar to Close Five Plants, Cut 820 Jobs
Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to 鈥渢ough market conditions.鈥
April 29, 2016Caterpillar to End Production of On-Highway Vocational Trucks
Caterpillar Inc. will stop production of its on-highway vocational trucks due to the 鈥渃urrent business climate in the truck industry.鈥
February 26, 2016Long-term Highway Funding Provides a Bright Spot for Caterpillar
A five-year, $305 billion bill that was signed into law in December provides a modest increase to highway and transit spending, as well as聽a ray of sunshine during what has been a dark period for Caterpillar.
January 19, 2016Caterpillar to Cut 10,000 Jobs Over Four Years as Mining, Energy Slumps Continue
Caterpillar Inc., the world鈥檚 biggest mining and construction machinery manufacturer, reduced its sales forecast and said it will cut as many as 10,000 jobs over four years in response to a slowdown in the mining and energy industries.
September 24, 2015Caterpillar, Navistar to End Vocational Venture; Plan to Build Severe-Duty Trucks Independently
Caterpillar Inc. and Navistar International Corp. will terminate the arrangement under which Navistar builds vocational trucks for Caterpillar, and each company will move forward with independent lines of severe-duty trucks, the companies announced in separate statements.
August 3, 2015Caterpillar, Navistar to End Vocational Truck Deal
Caterpillar Inc. and Navistar International Corp. will terminate the arrangement under which Navistar builds vocational trucks for Caterpillar, and each company will move forward with independent lines of severe-duty trucks, the companies announced in separate statements.
July 29, 2015Caterpillar Cuts 2015 Sales Forecast by $1 Billion
Caterpillar Inc., the largest manufacturer of construction and mining machinery, cut its full-year sales forecast after the U.S. dollar strengthened and said important end-user industries remain weak.
July 23, 2015Trending
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