Caterpillar Financial Services Corp. is the financial arm of Caterpillar Inc., a large manufacturer of construction and mining equipment, natural gas and diesel engines, and industrial gas turbines. The subsidiary provides financing for Caterpillar machinery. The company also extends loans to customers and dealers. Based in Nashville, Tenn., Cat Financial has offices and subsidiaries in the Americas, Asia, Australia and Europe.
Total Quality Management (TQM) is big at Cat Financial. In 2003, it won the Malcolm Baldridge Award, a recognition for excellence in TQM, and plans to apply for it again in 2009. Parent Caterpillar is an adherent of the Six Sigma data-driven approach to business management, so also consider tuning up your black-belt training.
While Caterpillar (the parent) is expected to benefit from the U.S. government stimulus package, the Peoria-based company has been shedding jobs and cutting managers' pay.