CHINA-US-INVEST-MERGE-COMPANY-CATERPILLAR : News Photo

CHINA-US-INVEST-MERGE-COMPANY-CATERPILLAR

Credit: 
AFP / Stringer
A man rides his bicycle through a Caterpillar yard in Beijing on January 28, 2013. Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. The US equipment giant said this month it would take a 580 million USD charge after uncovering 'accounting misconduct' at Siwei Mechanical and Electrical Manufacturing Co., which it bought last year for at least 650 million USD. AFP PHOTO / WANG ZHAO (Photo credit should read WANG ZHAO/AFP/Getty Images)
Caption:
A man rides his bicycle through a Caterpillar yard in Beijing on January 28, 2013. Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. The US equipment giant said this month it would take a 580 million USD charge after uncovering 'accounting misconduct' at Siwei Mechanical and Electrical Manufacturing Co., which it bought last year for at least 650 million USD. AFP PHOTO / WANG ZHAO (Photo credit should read WANG ZHAO/AFP/Getty Images)
Calculate priceView cart
Date created:
January 28, 2013
Editorial #:
160223054
Restrictions:
Contact your local office for all commercial or promotional uses. Full editorial rights UK, US, Ireland, Italy, Spain, Canada (not Quebec). Restricted editorial rights elsewhere, please call local office.
License type:
Rights-managedRights-managed products are licensed with restrictions on usage, such as limitations on size, placement, duration of use and geographic distribution. You will be asked to submit information concerning your intended use of the product, which will determine the scope of usage rights granted.
Collection:
AFP
Max file size:
3,648 x 5,472 px (50.67 x 76.00 in) - 72 dpi - 5.88 MB
Release info:
Not released.More information
Source:
AFP
Barcode:
AFP
Object name:
Hkg8222420

Keywords

This image is subject to copyright. Getty Images reserves the right to pursue unauthorized users of this image or clip, and to seek damages for copyright violations. To learn more about copyright and Getty Images’ enforcement program, click here. Availability for this image cannot be guaranteed until time of purchase.
A man rides his bicycle through a Caterpillar yard in Beijing on... News Photo 160223054Adult,Beijing,Bicycle,Caterpillar,China,City,Cycling,Earth Mover,Finance,Illustration,Illustration Technique,Machinery,Men,Riding,Vertical,YardPhotographer Collection: AFP 2013 AFPA man rides his bicycle through a Caterpillar yard in Beijing on January 28, 2013. Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. The US equipment giant said this month it would take a 580 million USD charge after uncovering 'accounting misconduct' at Siwei Mechanical and Electrical Manufacturing Co., which it bought last year for at least 650 million USD. AFP PHOTO / WANG ZHAO (Photo credit should read WANG ZHAO/AFP/Getty Images)