Progress Rail news – Page 5

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    News

    EMD sold to Caterpillar

    2010-06-01T14:58:00Z

    USA: Progress Rail Services announced on June 1 that it had signed a definitive agreement to purchase locomotive builder and diesel engine manufacturer Electro-Motive Diesel Inc for $820m in cash. Although retaining its own identity as a standalone company, EMD is to become a wholly-owned subsidiary of ...