Heavy Machinery and Vehicles (TRBC)

Factbox: Kobe Steel`s data fabrication leaves `Made-in-Japan` champions scrambling

Factbox: Kobe Steel`s data fabrication leaves `Made-in-Japan` champions scrambling

Published 13/10/2017

The revelation that Japan's third-biggest steelmaker Kobe Steel Ltd (5406.T) fabricated data for some of its aluminum and copper and other products has left affected manufacturers scrambling to pin down the potential impact. [more…]

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Shaky NAFTA deal threatens Navistar`s Mexico-made exports to world

Published 09/10/2017

Less than half the trucks exported from Navistar's mammoth Escobedo plant in Mexico are sold in North America but the factory's success remains tightly tied to the uncertain future of the region's NAFTA free trade deal. [more…]

China a sweet spot for U.S. companies’ earnings in second-quarter

China a sweet spot for U.S. companies’ earnings in second-quarter

Published 14/08/2017

Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. [more…]

Volkswagen considers options for transmissions maker Renk: sources

Volkswagen considers options for transmissions maker Renk: sources

Published 17/07/2017

A VW logo is seen in front of the main building of the Volkswagen brand at the Volkswagen headquarters, in Wolfsburg, Germany May 19, 2017.

Volkswagen (VOWG_p.DE) is considering options for majority-owned transmissions maker Renk (ZARG.F), as the German carmaker streamlines operations to help fund an overhaul following its emissions scandal, people close to the matter said.

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Israel`s Netafim draws interest from private equity, Chinese bidders

Published 26/05/2017

International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday.

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Desperately short of labor, mid-sized Japanese firms plan to buy robots

Desperately short of labor, mid-sized Japanese firms plan to buy robots

Published 15/05/2017

FILE PHOTO: Humanoid robots work side by side with employees in the assembly line at a factory of Glory Ltd., a manufacturer of automatic change dispensers, in Kazo, north of Tokyo, Japan, July 1, 2015. REUTERS/Issei Kato/File Photo

Desperate to overcome Japan's growing shortage of labor, mid-sized companies are planning to buy robots and other equipment to automate a wide range of tasks, including manufacturing, earthmoving and hotel room service.

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Caterpillar shuts plant in Aurora, Illinois, that employs 800

Caterpillar shuts plant in Aurora, Illinois, that employs 800

Published 01/04/2017

A Caterpillar corporate logo is pictured on a building in Peoria, Illinois, U.S. March 19, 2017. REUTERS/Carlo Allegri

Caterpillar Inc (CAT.N) said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world's largest construction and mining equipment maker shifts production to other U.S. facilities.

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Chinese provinces fizz with fervor for Xi`s New Silk Road

Published 10/03/2017

China's regional governments are falling over each other to curry favor with President Xi Jinping, jostling for roles in his New Silk Road plan to boost economic and cultural links through Asia to Europe.

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U.S. authorities raid Caterpillar`s Illinois facilities

U.S. authorities raid Caterpillar`s Illinois facilities

Published 03/03/2017

The corporate headquarters of Caterpillar Inc. the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines, and industrial gas turbines, based in Peoria, Illinois August 5, 2009. REUTERS/Jeff Haynes

Federal law enforcement officials conducting a criminal probe of heavy machinery manufacturer Caterpillar Inc searched three of its facilities on Thursday, prompting a sharp sell-off in the company's stock.

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Factbox: Findings of Senate tax probe a focus of IRS search at Caterpillar

Factbox: Findings of Senate tax probe a focus of IRS search at Caterpillar

Published 03/03/2017

A Caterpillar grader works at a development in Arvada, Colorado March 2, 2017. REUTERS/Rick Wilking

After U.S. authorities raided Caterpillar Inc's Peoria, Illinois, headquarters as part of a criminal investigation Thursday, the company stated the search was part of an Internal Revenue Service investigation related to profit earned by a parts subsidiary based in Switzerland.

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