With signs of rising activity in the U.S. and China construction markets, global equipment manufacturers reported strong sales in the second quarter of 2017, following a period of consolidation and reorganization.
Following a dramatic March 2 raid that saw the company’s Peoria, Ill., headquarters and two other nearby facilities searched by federal officials, Caterpillar offered few new insights into the long-running tax investigation that likely prompted the action.
Caterpillar is focusing its CONEXPO presentation on demonstrating a remotely operated dozer and its expanded telematics reporting, but is also dealing with the fallout from a raid by IRS and Commerce Dept. agents of its Peoria, Ill. headquarters on March 2.
Peoria, Ill.-based equipment maker Caterpillar Inc. announced Oct. 17 that its CEO and chairman Doug Oberhelman will retire from the company in March, 2017. Oberhelman has been with Caterpillar for 41 years, and was appointed CEO in 2010.