Terex may divest of some construction equipment lines

By early 2010 Terex chairman and CEO Ron DeFeo says he will have decided which of the company’s equipment lines he will keep and which will be sold. Key quote from an investors conference:

“We’ve never really demonstrated the ability to be meaningfully profitable in this business,” DeFeo said during a JPMorgan investor conference in New York broadcast over the Internet. “I’m going to look at it by product type and make some decisions by early 2010.”