CNH Global, parent of Case IH and New Holland farm and construction equipment, reported on April 23 that it lost $126 million in the first quarter of 2009 on a 25.2% drop in sales. The company attributed the falloff to the sluggish U.S. economy, the strong U.S. dollar and weak international markets.
The firm’s 2009 first-quarter loss equated to $0.53 per diluted common share on sales of $3.05 billion. That compares to a year-ago gain…
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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.
