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Volvo CE doubles operating income in 2015 despite sales decline

Volvo CE doubles operating income in 2015 despite sales...

Posted by Wayne Grayson on Feb 09, 2016

Despite a decrease in sales during 2015, Volvo Construction Equipment managed a huge improvement in operating income for the year ...

Caterpillar found guilty of stealing trade secrets for creation of excavator quick couplers

Caterpillar found guilty of stealing trade secrets for...

Posted by Wayne Grayson on Jan 04, 2016

Caterpillar has been ordered to pay Miller UK Ltd. nearly $74 million after being found guilty by a federal court in ...

Kobelco construction, crane businesses to merge

Kobelco construction, crane businesses to merge

Posted by Marcia Gruver Doyle on Dec 22, 2015

Parent Kobe Steel has announced that its Kobelco Construction Machinery and Kobelco Cranes subsidiaries will merge, effective April 1. The Kobelco ...

John Deere profits fall 40% in 2015; will cut 220 workers in Moline as low equipment demand is expected to continue

John Deere profits fall 40% in 2015; will cut 220...

Posted by Wayne Grayson on Dec 01, 2015

With decreased demand for both agriculture and construction equipment impacting the company, John Deere saw massive decreases in both profit and sales ...

CNH Industrial sales drop 24% in 3Q as company posts $128 million loss

CNH Industrial sales drop 24% in 3Q as company posts...

Posted by Wayne Grayson on Oct 29, 2015

Across the board declines continued for CNH Industrial in the third quarter, leading the company to decrease its sales forecast ...

Thousands of Caterpillar employees take early retirement as cuts continue

Thousands of Caterpillar employees take early...

Posted by Wayne Grayson on Oct 28, 2015

As Caterpillar begins its extensive workforce cuts around the world, thousands of employees have decided to take an offer of early ...

Terex profit falls 24% in 3Q as sales slip across divisions

Terex profit falls 24% in 3Q as sales slip across...

Posted by Wayne Grayson on Oct 27, 2015

Citing a marketplace that "remains challenging," Terex announced another down quarter for the year, with its Aerial Work Platforms division continuing ...

John Deere feels impact of energy slowdown in 3Q as construction equipment sales fall 13%

John Deere feels impact of energy slowdown in 3Q as...

Posted by Wayne Grayson on Aug 21, 2015

After a third quarter that brought more severe decreases in sales and profit, John Deere has cut its forecast for ...

Architectural renderings illustrate the new front entrance to the Bobcat and Doosan facility. The expansion to the existing facility will help accommodate growth, drive innovation and improve operations.

Bobcat, Doosan break ground on $9.5 million expansion...

Posted by Wayne Grayson on Aug 19, 2015

Company executives and a fleet of Bobcat buckets recently broke ground on a $9.5 million expansion of the Bobcat/Doosan North ...

Caterpillar to lay off another 170 workers at East Peoria plant

Caterpillar to lay off another 170 workers at East...

Posted by Wayne Grayson on Jun 24, 2015

Caterpillar has announced it will lay off an additional 170 workers at its East Peoria, Illinois, plant where the company ...

JLG acquires Power Towers, a new Atlas Copco sales VP and Kenworth dealer relocations all in the latest Dealer and Manufacturing News Roundup

JLG acquires Power Towers, a new Atlas Copco sales VP...

Posted by Wayne Grayson on Jun 08, 2015

JLG acquires UK-based Power Towers JLG Industries has acquired Power Towers, a low level access equipment manufacturer based in Leicester, UK. Power ...

John Deere sees slight uptick in construction sales but profits fall 30% as ag slowdown continues

John Deere sees slight uptick in construction sales but...

Posted by Wayne Grayson on May 26, 2015

Construction and forestry equipment sales are the only bright spot for John Deere, albeit a dim one, as the heavy ...

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