For a relative newcomer such as JCB, hitting the half-million mark is a significant milestone. The producer of Loadall farm telehandlers, Fastrac tractors, wheeled loaders and other vehicles used in agriculture is also the world’s third largest manufacturer of construction equipment, so it has a big appetite for engines.
Power transmission businesses supplying agricultural and construction machinery to OEMs are continuing to feel the pinch as their customers moderate production to match demand.
When CNH Industrial was formed last year to include Fiat's ag equipment, construction equipment, commercial vehicle and powertrain business segments, it was assumed that ag would carry the load when it comes to revenues, profits, etc. The full-year 2014 financial results reinforced CNH Industrial's reliance on its ag segment.
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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.