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Business

Caterpillar rejigs sales plan

Published: 20 Mar 2014 - 10:49 pm | Last Updated: 28 Jan 2022 - 07:58 pm

Workers walk past Caterpillar excavator machines at a factory in Gosselies. Caterpillar, which is in a hunt for new revenue because of weakness in key markets, is giving dealers until the end of the year to come up with a three-year plan to capture lost sales. Distributors who fail to meet their targets could have their dealership agreements terminated.