2 years ago

Caterpillar to cut-up to 5,000 jobs by end-of 2016, stock drops

Shares of heavy-equipment manufacturer Caterpillar (CAT) are down sharply after the company said today it's reducing its revenue outlook for the year and certainly will cut as several as 5,000 jobs between now and the end of 2016 in a cost-cutting read more...

2 years ago

Scandal Boss Martin Winterkorn Steps Down Over Emissions Deception

The move comes amid a huge scandal for the car-making after it acknowledged having installed applications on some 1 1 million diesel-powered vehicles to circumvent discharges evaluations, large.

Above all, I am surprised that misconduct on read more...