Caterpillar To Raise Prices Up To 2 Percent
DALLAS (AP) - Heavy-equipment maker Caterpillar says it will raise prices up to 2 percent worldwide starting in January.
The company said Thursday the price hike was due to ``industry factors'' and the economy.
Caterpillar says price hikes will vary by product and location. It plans to give dealers the details soon.
The company has already announced its first emissions-related price increases of 2 percent to 6 percent. Those also take effect in January.
Caterpillar makes machinery for farming, mining and other industries.
