Extensive ‘accounting misconduct’ in CAT’s China acquisition
Taking a $80M charge: several managers removed.
CAT tenders for ERA Mining Machinery in China for $759M
Caterpillar is broadening its presence in China with an offer worth up to $759 million to acquire ERA Mining Machinery Ltd. and its wholly-owned subsidiary Siwei.
Westport, CAT co-developing NG tech for off-road vehicles
Westport Innovations Inc. and Caterpillar Inc. will co-develop natural gas technology for off-road equipment, including mining trucks and locomotives.
The big CAT’s at it again
Despite record profits, Caterpillar wants to freeze wages and double health costs at Illinois plant.