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AEI Newsmakers: August 2024

August 15, 2024 | Posted in Ag Equipment Business, Equipment & Equipment Sales
  • Doosan Robotics will merge with Doosan Bobcat by early 2025. Prior to the merger...
  • CNH announced the appointment of Ryan Schaefer as new vice president of New Holland Ag North America...
  • AGCO entered into an agreement to sell the majority of its Grain & Protein business to American Industrial Partners...
  • According to CEMA’s August survey of EU ag equipment manufacturers, 6% consider their current business... 
  • JP Morgan analysts view USDA’s Aug. 12 WASDE report as negative for U.S. farmers considering...
  • Trimble reported 2Q revenues of $870.8 million, down 12% year-over-year. For the full-year 2024...
  • Kinze announced Aug. 1 that it will be reducing its workforce. The reduction affects 193 of Kinze’s 815...
  • Alamo Group reported 2Q net sales of $416.3 million, down 5.5% year-over-year...

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AEI Newsmakers: May 2024

May 15, 2024 | Posted in Ag Equipment Business
  • Autonomous vehicle and data solutions supplier Cyngn announced April 23...
  • Around 200 unionized workers at Alamo Group subsidiary Gradall Industries, located in New Philadelphia, Ohio...
  • A John Deere dealer executive said the last time they heard about the Volocopter drone collaboration...
  • John Deere has laid off 34 employees at its Cylinder Works facility in Moline, Ill., according to a May 6 report...
  • 30-store John Deere dealer Greenway Equipment announced May 1 the appointment...
  • Tillage blade and cultivation equipment manufacturer Osmundson Manufacturing Co. announced...
  • German implement manufacturer Amazone announced April 23 that it will...
  • CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility...
  • In its Mary 10 WASDE report update, USDA’s 2023-24 ending stocks are estimated...
    In a note to investors, J.P. Morgan analysts said, “We view today’s report as incrementally...
  • VDMA reported German tractor registrations were up 16% year-over-year in April...

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AGCO Aims for $2 Billion in Precision Ag Business by 2029

AGCO Aims for $2 Billion in Precision Ag Business by 2029

In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market. 

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