While most of the engine-powered equipment industry is suffering through the current economic doldrums, Caterpillar has demonstrated once again that in good times and bad, it’s nice to be number one. The Peoria, Ill., earthmoving equipment and engine giant has reported all-time records for sales and revenues and profit per share for the second quarter, driven by robust growth in emerging markets and strength in key industries like energy and mining. (More)
General Motors Brazil and MWM International Motores, an affiliate of Navistar Inc., have signed a strategic agreement to manufacture 420,000 units of a completely new diesel engine to serve GM’s new vehicle line to be launched by 2011. The engines will be supplied for GM in Brazil and the vehicles will also serve export markets.
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