Terex Corporation has acquired a 50% interest in Sichuan Changjiang Engineering Crane Co., Ltd., based in Luzhou, Sichuan Province, China. Changjiang Crane is a leading producer of on-highway truck cranes in China, with a product range from 8 to 160 ton lifting capacity. The senior management of Changjiang Crane will own the remaining 50% interest in the company. Changjiang Crane will become part of the global operations of the Terex Cranes operating segment, and Terex expects to consolidate the 

CAT lost $144 mln due to weak Euro Caterpillar Inc. has reported record first quarter 2006 sales and revenues of $9.392 billion and record first-quarter profit of $840 million, or $1.20 per share. Sales and revenues increased 13% and profit per share was up 48% compared with the first quarter of 2005.

Sales and revenues increased $1.053 billion from the first quarter a year ago. Of the increase, $587 million was from improved price realization, $511 million was due to higher sales volume and $99 million was from higher 

General Motors gets rid of Isuzu General Motors Corp. said it will sell its 7.9% stake in Japanese truck maker Isuzu Motors Ltd. for $300 million, ending a 35-year equity alliance to raise much-needed cash to revive its ailing business. In a widely expected move, Japanese trading houses Mitsubishi Corp. and Itochu Corp. will each take a 3.5% stake from the U.S. auto giant, while Mizuho Corporate Bank will buy the remaining 0.9%.

The sale of diesel-savvy Isuzu, regarded as GM"s strongest strategic partner in Japan, demonstrates 

Russia: Battle between creditors and “black” raiders Voronezh Arbitration (Russia), agreed with demands of creditors of OJSC Voronezh Excavator concerning removal of external manager Yuri Tarasov from the bankrupting procedure because of unsatisfying anti-crisis moves he made. Behind Tarasov’s actions creditors see attempts to sell the enterprise part by part in favor of “black” raiders. Removal of arbitral manager may become an unprecedented case for the region. However, the creditors have not yet reached their main target – to change the 

Hino Motors. Battlefield: Canada Japan’s Hino Motors Ltd. aims to realize a full-scale expansion of its truck business through the establishment of a new plant in Ontario, Canada, for Hino Motors Sales Canada, Ltd. ("HMSC"), a Hino overseas office. The plant, which will will produce trucks exclusively for the North American market, will be its second base in North America for truck assembly following its earlier plant in California, USA. The new plant will initially employ 45 people in the production of 2,000 units per year.

Hino