The head of AGCO Corp said on Thursday that comments he made earlier this week about wanting to buy portions of CNH Global NV were strictly academic because Fiat SpA views the farm and construction equipment subsidiary as "strategically important" and has no plans to sell it.
AGCO today announced that it has signed a letter of intent to form a joint venture with Amity Technology for the development and distribution of air seeding and tillage equipment.
NMC and AGCO announced that Manzer Equipment in Osmond, Neb. and Osceola Implement in Osceola, Neb. have been appointed as the first two Challenger Alliance dealers in Nebraska.
This morning, AGCO reported net sales of approximately $1.7 billion for the third quarter of 2010, an increase of 19.3% compared to the third quarter of 2009.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we have reports from both the Farm Equipment Manufacturers Supply Summit and the North American Equipment Dealers Association's Legislative Fly-In.
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