Caterpillar announces up to 2% price action on most machines Caterpillar disclosed in a regulatory filing a price action of 0%-2% worldwide on most machines. This price action will be effective in January and includes adjustments to list prices and merchandising support. The impact of these actions will vary depending on product and regional mix. In addition, 2014 will see emissions related price increases on select machine models for applicable regions. Emissions price action is expected to be between 2%-6% on most machine models. These price actions are a result of current industry factors as well as general economic conditions.
Chanos says heavy equipment companies 'have the wind in their face' Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).