Caterpillar Considers ‘All Options’ as Probe Continues
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Caterpillar Inc., the largest maker of construction and mining equipment, said it’s considering “all options” to recover losses from false accounting at a Chinese business that led to a $580 million writedown.
The company is also seeing how it can hold those responsible to account for the “multiyear, coordinated accounting misconduct,” Chairman and Chief Executive Officer Doug Oberhelman said yesterday.