Farm and construction equipment maker CNH Global N.V. (CNH) has appointed a committee of directors to evaluate an offer from Fiat Industrial SpA (FI.MI)to acquire the CNH shares that Fiat doesn't already own.
Evidence continues to mount that ag is an attractive place to invest these days. News during the past few weeks has reinforced the trend of international investments in agriculture especially in farm equipment.
CNH Global N.V. today announced its wholly owned subsidiary, CNH Capital LLC, plans to offer approximately $500 million of notes due in 2016. The notes will be guaranteed by CNH Capital America LLC and New Holland Credit Company, LLC, each a wholly owned subsidiary of CNH Capital LLC.
Robot-operated tractors scurrying around doing all the laborious farm work has been a pipe dream for equipment makers for many years, if not decades. But for the first time, manufacturers may actually be on the cusp of commercializing autonomous systems for various farm functions.
Along with its new 5-year plan that includes spinning off its industrial operations, when CNH released its earnings report yesterday, it raised its expectations for the rest of 2010.
Italian automaker Fiat, which controls Chrysler LLC, announced Tuesday that Agnelli family heir and company vice chairman John Elkann will move up to become board chairman.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
Montag is the industry’s innovative leader for precise, accurate metering of fertilizer, seed and other nutrients. The Montag system has become the standard for deep banding of fertilizer. Montag is also pioneering the technology for cover crop seed application. The new Cover Crop+ is able to meter the smallest seed, and can be mounted to tillage implements, combines, plus Hagie sprayers and detasselers.
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