Kubota Corp., Asia’s largest tractor maker based in Osaka, Japan, said on November 6 that first-half profit fell on weaker demand for construction machinery and the yen’s strength against the dollar. Nonetheless, the company raised its annual profit forecast to $462 million from $445 million. It posted a $535 million profit a year earlier.
Net income fell 46% to $213 million for the 6-months ended on September 30 the company said on November 6. Sales…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
