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Sany America names Mike Rhoda its new CEO

Sany America names Mike Rhoda its new CEO

Posted by Marcia Gruver Doyle on Dec 10, 2013

Mike Rhoda has been named chief executive officer of Sany America, replacing Tim Frank, who resigned in October. Rhoda has a ...

The latest in a string of closings, Caterpillar to shutter Virginia mining equipment plant, lay off 240 workers

The latest in a string of closings, Caterpillar to...

Posted by Wayne Grayson on Nov 19, 2013

The decrease in demand for mining equipment is still hurting Caterpillar as the company has announced plans to close another ...

JCB donates $500k worth of backhoes, generators to Philippines typhoon recovery efforts

JCB donates $500k worth of backhoes, generators to...

Posted by Wayne Grayson on Nov 14, 2013

JCB has announced that it will send more than $500,000 worth of heavy equipment and generators to aid in the ...

Doosan names Scott Park as next CEO of DICE

Doosan names Scott Park as next CEO of DICE

Posted by Wayne Grayson on Nov 06, 2013

Doosan today announced that Scott Park will be replacing Tony Helsham as the president and CEO of Doosan Infracore Construction ...

CNH Industrial revenues dip slightly, profit drops 15% in 3Q

CNH Industrial revenues dip slightly, profit drops 15%...

Posted by Wayne Grayson on Nov 04, 2013

CNH Industrial has announced its first quarterly results as a newly-merged company with revenues and profits down from the same ...

Caterpillar 3Q profits down 44%, cuts outlook for 2013 once more

Caterpillar 3Q profits down 44%, cuts outlook for 2013...

Posted by Wayne Grayson on Oct 23, 2013

Caterpillar is reporting another down quarter due to decreased mining demand with third quarter sales and revenues down 22.5 percent ...

Navistar loses $247 million in Q3, cuts 500 employees from workforce

Navistar loses $247 million in Q3, cuts 500 employees...

Posted by Jack Roberts on Sep 04, 2013

Navistar’s efforts to restore the company’s profitability took a logical yet unenviable turn Tuesday as the company announced plans to ...

Caterpillar announces retirement of 3 VPs alongside realignments and new Strategic Services Division

Caterpillar announces retirement of 3 VPs alongside...

Posted by Wayne Grayson on Aug 21, 2013

Caterpillar on Tuesday announced the retirement of three longtime vice presidents, two division realignments and a newly-created Strategic Services Division. Mike ...

Forecast expects global demand for construction equipment to reach $189 billion by 2017

Forecast expects global demand for construction...

Posted by Wayne Grayson on Aug 13, 2013

Citing growth in Asia, primarily in China, a new forecast expects global demand for construction equipment to rise at a ...

Volvo Construction Equipment 2Q sales fall 19%, operating income down 52 percent

Volvo Construction Equipment 2Q sales fall 19%,...

Posted by Wayne Grayson on Jul 26, 2013

Attributing year-over-year declines to "weaker sales, especially in the mining industry," Volvo Construction Equipment reported its second quarter results with ...

U.S. government launches investigation into Manitowoc’s patent claims against Sany

U.S. government launches investigation into...

Posted by Wayne Grayson on Jul 12, 2013

The U.S. International Trade Commission has announced that it will open an investigation into patent infringement claims made against Sany ...

Bloomberg profile of Caterpillar CEO focuses on gap between profits and worker pay

Bloomberg profile of Caterpillar CEO focuses on gap...

Posted by Wayne Grayson on May 20, 2013

Bloomberg Businessweek recently profiled Caterpillar CEO Doug Olberhelman, pulling very few punches in the process. The profile refers to Olberhelman as ...

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