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Opposition from both shareholders and financial authorities compelled Doosan Group to scrap its stock swap between Bobcat and Robotics.
Doosan Group's proposed merger continues to face mounting uncertainties with share prices plunging on the stock market and financial authorities intensifying scrutiny on the company.
Doosan Bobcat finished the construction of facilities to manufacture mini excavators at its factory in Chennai, India.
Doosan Bobcat Korea President Park Hyung-won, seventh from the left, takes a photo during a roll-out ceremony of Korea's first commercialized hydrogen fuel cell forklift, held at its production plant in Incheon on Monday.
Doosan Bobcat made an equity investment in a U.S. agriculture technology start-up, in a bid to further accelerate the automation of its compact equipment and industrial vehicles.
Doosan Group announced on Wednesday that the corporation will send around 1.25 billion won ($1 million) worth of Doosan Bobcat's construction equipment for disaster relief in Turkey.
Doosan Bobcat has completed the expansion of its Statesville plant in North Carolina, in an effort to meet the growing demand for tractors.
Doosan Bobcat will develop a hydrogen forklift with a yet-unnamed joint venture between Korea's SK E&S and U.S. Plug.
Doosan Bobcat will start selling a redesigned version of its zero-turn mower, a type of riding lawnmower, in North America later this month.
Doosan Bobcat will provide collateral and guarantee the debt of Clark Equipment, its wholly-owned subsidiary based in the United States, the construction equipment maker said in a regulatory filing Thursday.
Korea JoongAng Daily Sitemap