Solectrac, a manufacturer of electric tractors based out of Santa Rosa, Calif., has been declared as “assets held for sale” by its parent company, Ideanomics.
During Kubota’s FY22 earnings call, Kubota President and Representative Director Yuichi Kitao addressed the company’s goal of moving more production overseas.
According to Doosan Bobcat's 3Q22 earnings report, the manufacturer brought in $1.8 billion in revenue in its third quarter 2022, up 33.2% year-over-year.
Agriculture net sales were up 26%, due to favorable price realization and better mix, mostly driven by North America and South America, partially offset by the negative impact of foreign
exchange rates.
According to a Sept. 11 article from the Wall Street Journal, John Deere CEO John May said the company will generate 10% of its annual income from software fees by 2030.
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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.