8-K

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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

       Date of report (Date of earliest event reported) December 10, 2003
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                                TEREX CORPORATION
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               (Exact Name of Registrant as Specified in Charter)


            Delaware                    1-10702              34-1531521
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  (State or Other Jurisdiction        (Commission           (IRS Employer
        of Incorporation)            File Number)        Identification No.)



     500 Post Road East, Suite 320, Westport, Connecticut            06880
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           (Address of Principal Executive Offices)               (Zip Code)


        Registrant's telephone number, including area code (203) 222-7170
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                                 NOT APPLICABLE
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          (Former Name or Former Address, if Changed Since Last Report)


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Item 5. Other Events.

     Terex Corporation (the "Company") issued a press release dated December 10,
2003  announcing  that  it has  terminated  discussions  with  Caterpillar  Inc.
regarding the sale of the Company's  mining truck  business to  Caterpillar  and
that the  Company  will not acquire  Caterpillar's  mining  shovel  intellectual
property.  Discussions  ended due to an  inability  to come to  financial  terms
satisfactory to all parties.

     A copy of this press release is included as Exhibit 99.1 to this Form 8-K.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits

     99.1 Press release of Terex Corporation issued on December 10, 2003.



                                   SIGNATURES
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     Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  December 10, 2003


                                             TEREX CORPORATION


                                             By:  /s/ Eric I Cohen
                                                  Eric I Cohen
                                                  Senior Vice President




                                      - 2 -

EX-99

                               [TEREX LETTERHEAD]


                     NEWS RELEASE NEWS RELEASE NEWS RELEASE

For  information  contact:  Tom  Gelston,  Director,  Investor  Relations  (203)
222-5943

                TEREX ANNOUNCES TERMINATION OF DISCUSSIONS WITH
                    CATERPILLAR REGARDING MINING BUSINESSES

     WESTPORT,  CT,  December 10, 2003 -- Terex  Corporation  (NYSE:  TEX) today
announced it has terminated  discussions with Caterpillar  regarding the sale of
Terex's  mining truck  business to  Caterpillar  and that Terex will not acquire
Caterpillar's mining shovel intellectual  property.  Discussions ended due to an
inability to come to financial terms satisfactory to all parties.

     Ronald M. DeFeo,  Terex's Chairman and Chief Executive Officer,  commented,
"We were unable to  conclude  this deal  because of a  difference  in value.  We
believe the process has validated the quality of our truck and shovel  products.
However, the complexity of this transaction, coupled with a need to sell various
distribution  entities to third party Caterpillar  dealers,  shifted too much of
the risk to Terex  shareholders,  and I felt this outweighed the strategic logic
of the  transaction."  Mr.  DeFeo  continued,  "We will  continue  in the mining
business  with what we  believe is the  superior  electric  truck and  hydraulic
shovel  combination  in the world.  These  businesses,  including  our own local
distribution,  have had improving  performance and  profitability  and we expect
them to  continue to be a  contributor  to  earnings.  This  performance  and an
improving outlook for worldwide mining equipment, coupled with the positive cash
flow currently being generated from Terex's operations, causes us to remain firm
in our view on value.  We expect to  continue to own these  businesses  and will
report operating results accordingly for 2003 and 2004."

Safe Harbor Statement

     The above contains  forward-looking  information  based on Terex's  current
expectations.    Because   forward-looking    statements   involve   risks   and
uncertainties,   actual  results  could  differ   materially.   Such  risks  and
uncertainties,  many of which are beyond Terex's control,  include among others:
Terex's  business is highly  cyclical and weak general  economic  conditions may
affect the sales of its products and its financial  results;  the sensitivity of
construction,   infrastructure   and  mining  activity  to  interest  rates  and
government spending;  the ability to successfully integrate acquired businesses;
the  retention  of  key  management  personnel;   Terex's  businesses  are  very
competitive  and may be  affected  by  pricing,  product  initiatives  and other
actions taken by  competitors;  the effects of changes in laws and  regulations;
Terex's  business  is  international  in nature  and is  subject  to  changes in
exchange  rates  between  currencies,  as well as  international  politics;  the
ability of suppliers to timely supply Terex parts and  components at competitive
prices; the financial condition of suppliers and customers,  and their continued
access to capital; Terex's ability to timely manufacture and deliver products to
customers;  Terex's  substantial  amount  of debt  and its need to  comply  with
restrictive  covenants  contained in Terex's debt  agreements;  compliance  with
applicable  environmental  laws  and  regulations;  and  other  factors,  risks,
uncertainties  more  specifically  set forth in Terex's  public filings with the
SEC.  Actual events or the actual future results of Terex may differ  materially
from any forward looking  statement due to those and other risks,  uncertainties
and significant factors. The forward-looking  statements herein speak only as of
the  date  of  this  release.   Terex  expressly  disclaims  any  obligation  or
undertaking to release publicly any updates or revisions to any  forward-looking
statement   included  in  this   release  to  reflect  any  changes  in  Terex's
expectations  with  regard  thereto or any  changes in  events,  conditions,  or
circumstances on which any such statement is based.

     Terex Corporation is a diversified  global  manufacturer based in Westport,
Connecticut,  with 2002 revenues of $2.8  billion.  Terex is involved in a broad
range of  construction,  infrastructure,  recycling and  mining-related  capital
equipment under the brand names of Advance,  American,  Amida,  Atlas,  Bartell,
Bendini,  Benford,  Bid-Well,  B.L. Pegson,  Canica,  Cedarapids,  Cifali,  CMI,
Coleman Engineering,  Comedil, CPV, Demag, Fermec, Finlay, Franna, Fuchs, Genie,
Grayhound, Hi-Ranger, Italmacchine, Jaques, Johnson-Ross, Koehring, Lectra Haul,
Load King, Lorain, Marklift, Matbro, Morrison,  Muller, O&K, Payhauler,  Peiner,
Powerscreen,  PPM,  Re-Tech,  RO, Royer,  Schaeff,  Simplicity,  Square Shooter,
Telelect,  Terex,  and Unit  Rig.  Terex  offers a  complete  line of  financial
products and services to assist in the  acquisition of Terex  equipment  through
Terex  Financial   Services.   More   information  on  Terex  can  be  found  at
www.terex.com.
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                                Terex Corporation
           500 Post Road East, Suite 320, Westport, Connecticut 06880
          Telephone: (203) 222-7170, Fax: (203) 222-7976, www.terex.com