FPT Industrial, an arm of the CNH Group, announced it has started to manufacture the N45 Euro 45 engine in its factory in Cordoba, Argentina. Previously, the engine was imported from Brazil.
John Deere and diesel engine specialist Deutz are to collaborate on a new generation of power units for off-highway applications with outputs of up to 174 horsepower (130kW).
Investment totaling the equivalent of just over $114 million will result in improved manufacturing and assembly facilities and a new range of engines at AGCO Power in Finland.
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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.