Caterpillar Profit Tops Estimate as Cuts Stop Slide
Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.
Caterpillar’s All-Seeing Sensors Steady Profit in Downturn
Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.
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 “tough market conditions.”
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 “current business climate in the truck industry.”
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 a ray of sunshine during what has been a dark period for Caterpillar.
More Trouble for Caterpillar as Sales Fall Most in Five Years
For Caterpillar Inc., the commodities rout has yet to hit bottom.
Caterpillar to Cut 10,000 Jobs Over Four Years as Mining, Energy Slumps Continue
Caterpillar Inc., the world’s 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.
Caterpillar, 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, 2015