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Kubota's New U.S. Factory Has 70% More Production Capacity Than Planned

October 21, 2022 | Posted in Ag Equipment Business

According to an Oct. 18 report from Nikkei Asia, the factory's scheduled production run of 5,000 units per year is a 70% increase from the originally forecast 3,000 units per year.

CNHI Reports 1Q20 Revenues Drop 15%; Ag Down 10%

May 6, 2020 | Posted in Earnings Reports

CNH Industrial reported on May 6 that its consolidated revenues for the first quarter 2020 ended March 31 were $5.5 billion, down 15% vs. the first quarter 2019. The company reported a net loss of $54 million compared to net income of $264 million for the same period last year.

Manitou Reports 4Q19 Revenues Down 6%, FY19 Sales Up 11% Year-Over-Year

February 3, 2020 | Posted in Earnings Reports

Manitou, manufacturer of equipment for agriculture, construction and other industries reported a 6% year-over-year decrease in sales during the fourth quarter of 2019 and an 11% increase in full year 2019 vs. 2018. Besides Manitou equipment, the company is also known for its Gehl and Mustang branded equipment.

CNH Industrial’s 2018 Consolidated Sales Rise 7%; Ag Sales Up 9.4%

February 7, 2019 | Posted in Earnings Reports

CNH Industrial showed a strong year-over-year sales gain in 2018. The company reported consolidated revenues of $29.7 billion for the full year, up 7% compared to 2017. Net sales of Industrial Activities were $27.8 billion for the year, up 8% vs. 2017.

Deere Reports 36% 3Q Equipment Net Sales Gain; Ag Up 18%

August 17, 2018 | Posted in Earnings Reports

Deere & Co. reported net income of $910.3 million for the third quarter ended July 29, 2018 compared with net income of $641.8 million for the quarter ended July 30, 2017.

Cervus Equipment to Sell 4 Alberta Construction Dealerships

February 27, 2018 | Posted in Mergers & Acquisitions

Go-forward strategy will focus on agriculture, transportation and material handling operations.

Chinese Tractor Maker, Lovol Arbos, Launches European Operations

August 1, 2017 | Posted in Mergers & Acquisitions

The most ambitious attempt yet by a Chinese manufacturer to enter mainstream Western tractor and machinery markets takes another step this fall when a subsidiary of Lovol Heavy Industries starts assembling tractors in Italy for sale in a number of European countries.

CNHI Sees 2018 Ag Pick Up; Not Pursuing M&A for CE

April 7, 2017 | Posted in Equipment & Equipment Sales

CNH Industrial expects replacement buying will give its ag business a boost next year. The company also reiterated that it’s not looking to off load its construction equipment segment any time soon.

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Claas Doubles Business in 5 Years, as Predicted

AGCO Pushes Dealer Purity, Cuts Production Amid Low Demand

Aftermarket Marks Bright Spot for Dealers in 2025 Forecast

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[Technology Corner] What are the Top 5 Applications in Autonomy Right Now?

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.

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