Caterpillar's global machinery sales fall 45%

12/20/2009 | Wall Street Journal, The

Caterpillar's machinery sales fell 45% in the three-month period that ended in November, compared with the same period a year ago. The company said the global recession has left its dealers with large volumes of unsold equipment. However, the company noted that sales showed modest gains in November from levels in September and October.

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