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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 to close 5 more plants, cut 670 jobs as part of cost reduction plan

Caterpillar to close 5 more plants, cut 670 jobs as...

Posted by Wayne Grayson on Feb 01, 2016

As part of the company's cost reduction plan introduced in the Fall of last year, Caterpillar has announced its latest round ...

Judge throws out ICP’s antitrust suit against Caterpillar, Komatsu and Volvo CE

Judge throws out ICP’s antitrust suit against...

Posted by Wayne Grayson on Jan 25, 2016

A lawsuit filed against three of the largest manufacturers of construction equipment alleging that they worked together to limit competition from ...

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 ...

Volvo CE reports increased market share despite sales, profit drops in 3Q

Volvo CE reports increased market share despite sales,...

Posted by Wayne Grayson on Oct 26, 2015

Despite continued growth in the North American market, Volvo Construction Equipment sales and profit dipped during the third quarter. The manufacturer ...

Caterpillar CEO voices confidence in strength of key industries despite 64% profit decline in 3Q

Caterpillar CEO voices confidence in strength of key...

Posted by Wayne Grayson on Oct 23, 2015

After preparing everyone last month for the likelihood of continued bad news on the financial front with the launch of ...

Caterpillar to shutter global mining HQ, move jobs to South Milwaukee

Caterpillar to shutter global mining HQ, move jobs to...

Posted by Bobby Atkinson on Oct 09, 2015

Just weeks after Caterpillar announced a massive cost reduction plan and the departure of its top mining executive, the equipment manufacturer has ...

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