Caterpillar News Updates

Business

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, 2015
Business

Caterpillar, 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, 2015
Business

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
Business

Caterpillar 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, 2015
Business

Caterpillar Adds CT680 Model to its Line of Vocational Trucks

Caterpillar has expanded its line of Class 8 vocational trucks with its new CT680 model, a set-forward-axle truck designed for heavy applications and tough conditions.

May 19, 2015
Business

Caterpillar Begins Production of New Class 8 Truck

Caterpillar Inc. announced it has begun full production of its new Class 8 CT681 vocational truck.

November 5, 2014
Business

Caterpillar Raises Forecast, Sees 2015 Growth Prospects

Caterpillar Inc., the largest construction equipment maker, raised its full-year earnings forecast and said sales may gain in 2015 on an improvement in global economic growth.

October 23, 2014
Business

Caterpillar’s Profit Rises to $999 Million

Heavy-equipment maker Caterpillar Inc.’s second-quarter profit rose to $999 million, or $1.57 a share, from $960 million, or $1.45 a year ago, but sales declined.

July 24, 2014
Business, Equipment

Minnesota Carrier Files Lawsuit Against Caterpillar Over Acert Engines

The final generation of diesel truck engines manufactured by Caterpillar Inc. has generated yet another civil lawsuit, this one filed by Minnesota carrier Scenic Boundaries Trans Inc.

May 12, 2014
Business

Caterpillar’s Third-Quarter Profits Decline

Caterpillar Inc.’s third-quarter profit fell to $946 million, or $1.45 a share, from $1.7 billion, or $2.54, a year ago, on lower sales.

October 25, 2013