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Caterpillar Inc., will pay $800,000 to resolve allegations of systemic hiring discrimination against dozens of Black applicants at its Decatur, Illinois production facility.
Caterpillar Inc., also known as Cat, is an American construction, mining and other engineering equipment manufacturer. [6] The company is the world's largest manufacturer of construction equipment. [ 3 ] [ 7 ] [ 8 ] In 2018, Caterpillar was ranked number 73 on the Fortune 500 list [ 9 ] and number 265 on the Global Fortune 500 list. [ 10 ]
Decatur (/ dษชหkeษชtษr / dih-KAY-tษr) is the largest city in and the county seat of Macon County, Illinois, United States. The city was founded in 1829 and is situated along the Sangamon River and Lake Decatur in Central Illinois. As of the 2020 census, it had a population of 70,522. [4] It is the seventeenth-most populous city in Illinois. [5]
The Caterpillar 797 is a series of off-highway, ultra class, two- axle, mechanical powertrain haul trucks developed and manufactured in the United States by Caterpillar Inc. specifically for high-production mining and heavy construction applications worldwide. [1] In production since 1998, the 797 series represents Caterpillar’s largest ...
Sales and revenues for Irving, Texas-based Caterpillar hit $67.1 billion in 2023, a record for the company and 13% increase over 2022. Fourth-quarter sales and revenues in 2023 were $17.1 billion.
Weaknesses. Cat's total debt-to-equity ratio stands high at 258%. It needs to continuously boost margins and ensure cash flow is strong enough to cover interest and debt-related payments as they ...
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