With the retirement of former CNH Industrial CEO Hubertus Mühlhäuser in early 2020 and following Suzanne Heywood’s period as interim CEO, CNH Industrial recently appointed its newest CEO: Scott Wine.
CNH Industrial posted solid third quarter earnings, largely due to increased demand for the agriculture segment. The company says all divisions performed ahead of earlier expectations. Consolidated revenues for the quarter were $6.5 billion, up 2% vs. the same period of 2019.
AGCO posted net sales of slightly over $2 billion during the second quarter of 2020, which was down 17% vs. the same period a year earlier. Net sales for the first 6 months of 2020 were about $4 billion, a drop of nearly 11% compared to the same period in 2019.
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There was plenty of technology on display at the World Dairy Expo in Madison, Wis., a few weeks ago. Farm Equipment editor Mike Lessiter caught up with Monarch Tractor’s John Issacson and got his take on the top 5 applications in autonomy right now.