Click here if you'd like to take the September 2024 News IQ quiz 1 before viewing the answers below.
Q: What manufacturer withdrew, after just 6 weeks, a proposed merger with a robotics partner that would’ve advanced its position in autonomous machines and artificial intelligence?
A: Doosan Bobcat. On July 11, Doosan Bobcat announced plans to merge with Doosan Robotics, however the OEM is now backing down from that plan, according to a letter to Doosan Bobcat shareholders.
Q: What dealer group, after a recent groundbreaking announcement for a new store in the Eau Claire, Wis. region, announced the acquisition of 2 more Wisconsin locations this week?
A: Johnson Tractor. Johnson Tractor, a provider of agricultural and construction equipment, announced the acquisition of St. Joseph Equipment's locations in La Crosse and Richland Center, Wis.
Q: What ag machinery dealership executive was presented with the Diplomat Award by the state of Nebraska?
A: Owen Palm, 21st Century Equipment. On Wednesday, August 7, the Nebraska Diplomats announced that Owen Palm, president and CEO of 21st Century Equipment and a Nebraska Diplomat since 2002, won the prestigious Diplomat of the Year award at their annual awards banquet.
Q: Which of the following farm equipment executives was not a 2024 inductee to Farm Equipment’s Shortline Legends Hall of Fame?
A: Peter Pakosh. The 2nd annual class of Shortline Legends Hall of Fame inductees has been announced by Farm Equipment. And is equally impressive as the 5 recipients inducted in the industry’s first class in September 2023.
Q: Which of the following articles generated the most traffic on www.farm-equipment.com in the month of August?
A: How Big is Too Big. Here’s a list of the most popular items on Farm Equipment from the past month.
Q: Which manufacturer announced a 0% financing through September to jump-start its retail sales to farmers?
A: Monarch Tractor. Monarch Tractor, maker of the MK-V, the world's first fully electric, driver-optional, smart tractor, announces a significant opportunity for farmers nationwide through a new partnership with Balboa Capital, a division of Ameris Bank.
Q: The most recent Brand Loyalty Survey from Ag Equipment Intelligence showed what change in loyalty to major-line brands between 2020 and 2024?
A: Less loyal to major-line brands. It can take years for a manufacturer or dealer to build up its reputation, but it only takes one bad experience to ruin it. Customer loyalty to your brand and your dealership isn’t guaranteed and can be fleeting.
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