ADVFN - Advanced Financial Network.
HOME» NYSE » C » CAT Stock Price » CAT Stock News

Caterpillar Share News

 Caterpillar Inc. Stock Price
CAT Stock Price
 Caterpillar Inc. Stock Chart
CAT Stock Chart
 Caterpillar Inc. Stock News
CAT Stock News
 Caterpillar Inc. Company Information
CAT Company Information
 Caterpillar Inc. Stock Trades
CAT Stock Trades

Caterpillar to Develop Natural Gas Fuel Systems for Off-Road Equipment

By Mia Lamar Caterpillar Inc. (CAT) said it will begin developing a natural gas fuel system for off-road equipment like mining trucks in a bid to meet strong customer demand for equipment powered by the lower-cost fuel. Caterpillar, one of the world's largest makers of mining equipment, is partnering with Westport Innovations Inc. (WPT.T, WPRT) on development of the technology, which it expects to start immediately. Commercial production is expected to begin in about five years. "The substantial price difference between natural gas and diesel fuel is resulting in a strong financial incentive to enable off-road applications to take advantage of low natural gas energy costs without sacrificing operational performance," said Westport Chief Executive David Demers. A steep drop in natural-gas prices over the past year has pushed many U.S. industries into virgin terrain as cheap gas has knocked coal from its once-untouchable perch as the nation's favorite fuel for power production. Caterpillar is the world's biggest maker of bulldozers, excavators and othe earth-moving machinery. The company in April reported that first-quarter earnings rose 29% as improved sales of construction machinery in the U.S. and global demand for mining equipment offset weaker sales in China, Brazil and Europe. Shares closed Monday at $83.26 and were inactive premarket. Shares of Westport were also inactive from a Monday close at $22.27. Write to Mia Lamar at mia.lamar@dowjones.com

Stock News for Caterpillar (CAT)
DateTimeHeadline
03/27/201419:00:26Caterpillar Likely to Get Republican Support on Tax Issue
03/24/201416:41:14Senate Panel to Look at Caterpillar Tax Strategy
03/20/201413:50:54Caterpillar Says Dealer Sales Down
03/20/201413:50:28Caterpillar Says Dealer Sales Fell 8% in Latest 3 Months
02/26/201415:13:36MARKET SNAPSHOT: U.S. Stocks Pare Gains In Late Trade
02/07/201418:09:15Chanos's Kynikos Opportunity Fund Lost 13.6% in 2013
01/27/201416:54:20MARKET SNAPSHOT: U.S. Stocks Fall; Dow Down 5 Days In A Row
01/27/201413:57:30MARKET SNAPSHOT: U.S. Stocks Fall; Nasdaq Below Key Technical...
01/27/201411:26:48MARKET SNAPSHOT: U.S. Stocks Lose Steam After Housing Data
01/27/201410:43:30MARKET SNAPSHOT: U.S. Stocks Loose Steam After Housing Data
01/27/201410:15:32MARKET SNAPSHOT: U.S. Stocks Edge Higher, Caterpillar Lifts Dow
01/27/201409:22:17U.S. Hot Stocks: Hot Stocks to Watch
01/27/201408:27:09Correction to Caterpillar Earnings Story
01/26/201408:16:39MARKET SNAPSHOT: Stock Investors Trash Market Darlings, Face...
12/09/201318:13:08Seven Group: WesTrac to Buy Caterpillar Assets in China for US$130...
11/20/201310:20:20Caterpillar Dealer Sales Fell in October
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases

Caterpillar and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad