Terex to Exit Excavator Business?

“We’ve never really demonstrated an ability to be meaningfully profitable and successful in this [construction equipment] business,” Ron DeFeo, chairman and CEO of Terex Corp., admitted to a J.P. Morgan investor conference on September 16 (listen to the archive). “This segment of our business reached nearly $2 billion [in revenue] in 2007 and 2008 and only produced a modest operating profit….more at Construction Equipment