CNH Global N.V. (CNH) plans to build a factory in Argentina to assemble farm tractors and harvesting combines, as the company moves to shore up its farm machinery business in South America.
CNH Global NV's (CNH) chairman Monday said the U.S. tractor and combine maker won't make a new bid for Norway's Kverneland ASA (KVE.OS) after Japan's Kubota Corp. (KUB, 6326.TO) offered more money for it.
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.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we take an initial look at the Dealer Business Outlook & Trends Report and what dealers are forecasting for 2025.