Melrose Industries, the UK-based business turnaround specialist, has confirmed that its managers are in discussions with potential buyers of GKN Wheels & Structures. Since the end of last year, the business has been up for sale and classified as a discontinued operation for accounting purposes.
Melrose had previously identified this unit and GKN’s off-highway powertrain operation for disposal, having acquired the GKN plc engineering group in 2018 primarily for its automotive and aerospace divisions.
The…
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In this episode of On the Record, brought to you by Associated Equipment Distributors, Deere Director of Investor Relations Josh Beal told JP Morgan analysts that the OEM is confident it will be “producing to demand” in fiscal year 2025.
