Today, industrials editor/analyst Brendan Byrnes discusses Dow heavyweight Caterpillar's recent agreement with Westport Innovations to develop natural-gas-powered engines for mining trucks and locomotives. The deal makes sense for both companies -- Caterpillar will fund the development but get access to Westport's significant technology, while Westport has another big customer and tie-up with a major manufacturer. In the video below, Brendan also discusses Caterpillar's recent pullback and whether he thinks it's a good buying opportunity.
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At the time thisarticle was published Brendan Byrnes owns shares of Caterpillar. The Motley Fool owns shares of Westport Innovations. Motley Fool newsletter services recommend Clean Energy Fuels, Cummins, and Westport Innovations. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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