Caterpillar stumbles; China’s slowing growth begins to show
The company is considered an economic bellwether.
Toromont to acquire Quebec’s Hewitt Group for $1.02B
Deal will combine two of Canada’s largest heavy equipment distributors.
Caterpillar considers closing Belgian site, laying off 2,000
Looking at shifting production to France and other facilities outside Europe.
Caterpillar closing 5 US plants, cutting 670 jobs
Part of its cost cutting consolidation announced last year.
Caterpillar to lay off 50 more workers at East Peoria plant
Heavy equipment manufacturer blames “weak market conditions;” marks third round of layoffs this year.
Bombardier names new business aircraft president
David Coleal has held management positions at McKinsey and Company, Caterpillar and New United Motor Manufacturing.
Caterpillar says US investigating company’s cash movements
SEC investigation is related to undistributed profits of non-US subsidiaries.
Caterpillar cuts CEO’s 2013 pay to $12M as profit and sales fell
Machinery manufacturer hit by a downturn in heavy equipment used in mining.
Caterpillar defends tax strategy that saves billions
Rep. senator Rand Paul says the heavy equipment company deserves award.
Caterpillar uses offshore haven to avoid billions in taxes, senator says
Report suggests the manufacturing giant has avoided paying $2.4B in taxes since 2000 by shifting profits to an affiliate in Switzerland.
Obama’s manufacturing push good for Canada
David Jacobson says growth in US manufacturing will prove to be a net gain for Canada’s sector.
Extensive ‘accounting misconduct’ in CAT’s China acquisition
Taking a $80M charge: several managers removed.
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.
Caterpillar makes another investment in US operations
Company will spend $20 million to expand South Carolina plant and create 80 jobs.