Caterpillar deal will boost construction lines

06/10/2010 | Wall Street Journal, The · Peoria Journal Star (Ill.) · Reuters

Caterpillar's recent acquisition of Electro-Motive Diesel will boost its development of electric-drive construction and mining equipment, says Chairman and CEO Jim Owens. The company says diesel-electric will be the next frontier for powering construction equipment, and it recently introduced an electric-drive bulldozer this year. Caterpillar will begin selling electric mining trucks early next year.

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Wall Street Journal, The · Peoria Journal Star (Ill.) · Reuters

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