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Strong Dollar Helps Caterpillar Overseas: Oberhelman

Caterpillar CEO Doug Oberhelman told CNBC that the strength of the U.S. dollar has helped the company’s overseas business.

November 10, 2014

Caterpillar CEO Doug Oberhelman told CNBC that the strength of the U.S. dollar has helped the company’s overseas business.

"You have to remember that we're a big producer in Japan also. In fact in the latest quarter, dollar strength was a little bit of a tailwind for us because we tend to produce and sell in those markets to offset costs and revenue," Oberhelman told the network.

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Source: CNBC

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