In CNH Industrial's first quarter earnings call on May 5, CEO Scott Wine addressed the company's reported discussions with Chinese automotive manufacturer FAW concerning its Iveco truck business. The discussions were first reported in early March 2021, when it was reported CNH Industrial was considering "alternatives to a planned spin-off and separate listing of its truck and bus business and that it was in talks with FAW over the future of Iveco."
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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.