Tag: oems: Page 15

Terex chief: fix, merge or sell

Ron DeFeo, chairman and chief executive of Terex told attendees at Reuters Manufacturing Summit in Chicago Monday that his job in the next nine months is to fix, merge or sell its construction and roadbuilding units.

January 15, 2010

Jim Owens as Secretary of Treasury

Granted this is just coming from a website Business Insider, and the writer includes several other options, but it is an inspired choice. Owens, if you don’t know, is the CEO of Caterpillar, but he is set to retire next year. I’ve heard Owens speak several times and he’s always impressive: clear, methodical, well prepared and […]

January 15, 2010

Rubble master to debut “Go” by end of year

By the end of the year, Austrian company Rubble Master says it will introduce its “Go” concept in its RM70 mobile compact recycler to North America. With the Go Concept, the company says it’s introducing a new simplicity to crusher operation, giving operators an intuitive means of running the machine. Full text of the press […]

January 15, 2010

Construction Equipment

Case to build European version of Tomahawk

A Day-two report from Intermat, by John Latta: Case is suffering from the effects of market woes the same way the other OEMs are but that doesn`t mean the company isn`t eyeing the future. At Intermat this morning company president Jim McCullough and global products manager Bill Sidell said the company`s R & D personnel […]

January 15, 2010

Hyundai wins gray-market case against dealer

Hyundai Construction Equipment U.S.A. has successfully sued a gray market importer for illegally bringing in equipment that didn’t meet Hyundai’s specifications. The equipment in question had altered serial numbers and some failed to meet EPA standards. The defendants were ordered to pay Hyundai $1 million for lost sales and court costs. The U.S. District Court […]

January 11, 2010

Construction machine exports up

At least there is one thing American made that the world can’t get enough of. And no it’s not debt. Exports of construction machinery were up 20 percent last year.

January 11, 2010

Cat posts unexpectedly large loss

If there is a bellwether report on the state of heavy construction and mining it’s Caterpillar’s quarterly financial statements. And today’s first quarter news was bleak. Analysts had anticipated earnings of 8 cents per share and net income of around $8.71 billion. What the company announced today was a loss of 19 cents per share on […]

January 6, 2010

Construction Equipment

Cat’s first auction

Caterpillar completed it’s first equipment auction November 12, in Des Moines, Iowa, at the facililties of McAnnich Corporation, a local earthmoving company. Donnie Wiggins, who heads up our Top Bid auction price guide team attended and said the event was well attended with 400 to 500 people. Prices were modest, says Wiggins, not surprising given the state […]

January 5, 2010

Cat cuts deal with Walgreen

In an effort to control the costs of prescription drugs for it’s employees, Caterpillar negotiated a deal with the drug store chain Walgreen. Alas most of the story is behind the Wall Street Journal’s subscription firewall, but perhaps you can find it in yesterday’s edition of the newspaper. This certainly makes sense as Caterpillar employs nearly […]

January 5, 2010

Construction Equipment

Navistar stock soars

It could be a blip, it could be a trend, but stock prices for truck and bus manufacturer Navistar soared just after the start of the new year. The stock was trading below $20 a share during the holidays and then suddenly took off, hitting the low $30 mark January 5. Right now it seems […]

January 13, 2009

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