Caterpillar Inc. said Friday it agreed to form a joint venture with a Chinese transmission manufacturer that will build drivetrain systems and other components for Caterpillar machinery and produce a line of automatic transmissions for highway travel. Get the full story »
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Caterpillar retail sales up 48% in last 3 months
Caterpillar Inc. said retail sales of its heavy machinery rose 48 percent in the three months ended Oct. 10, a slightly slower rate of growth than the 53 percent increase reported in the three months ended in September.
The world’s largest maker of heavy equipment said retail sales were up most sharply in Latin America, where they rose 59 percent. The U.S. company saw the slowest growth in Europe, Africa and the Middle East, where sales were up 40 percent.
