CNH Industrial N.V. has announced the temporary appointment of Brad Crews as General Manager North America. In this role, Crews will ensure cross-functional governance and coordinate all North American regional efforts during the COVID-19 situation.
Congressional negotiators reached a bipartisan agreement early this morning on a nearly $2 trillion emergency relief package on Wednesday, in response to the COVID-19 pandemic. AEM staff has provided an initial overview of key appropriations provisions that impact equipment manufacturers.
Despite seeing a slowdown in the fourth quarter of its fiscal 2020 period, annual revenues were up 3.5% on strong aftermarket results, as parts sales rose 11.1% and service grew by 14.2%. Overall, equipment sales increased by about slightly under 1%.
To say we’re in the midst of a challenging time would be an understatement. Among all the news in the last week about closings, there was a spot of bright news.
Titan International, manufacturer of Titan Tires, Titan Wheels and Goodyear Farm Tires, is announcing its commitment to keeping its U.S. manufacturing facilities operating as normal in order to support the food and agriculture industry, which the federal government has deemed critical to the nation’s response to the coronavirus pandemic.
In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities, largely due to material shortages and constraints in the European supply chain.
On March 19, Christopher Krebs, director of Cybersecurity and Infrastructure Security Agency (CISA) of the U.S. Department of Homeland Security, issued a Memorandum on Identification of Essential Critical Infrastructure Workers During Covid-19 Response. The memo listed the various industries deemed “essential” during this time and included food and agriculture.
The Association of Equipment Manufacturers, Associated Equipment Distributors, and the Equipment Dealers Association urged governors to designate equipment manufacturers, suppliers, and dealers, and service technicians as “essential” to the economic continuity of the states as they continue to respond to the COVID-19 pandemic.
The World Health Organization declared COVID-19, also known as the Coronavirus, as a pandemic on March 11. See the plans that dealers across North America have in place to keep their employees safe, while still serving customers — either in the store or at their sites.
The Equipment Dealers Assn. is hosting a webinar at noon Central, Thursday, March 19, "Coronavirus: Legislative and Practical Considerations for Equipment Dealers." EDA also offers an extensive list of resources for dealers in the U.S. and Canada.
In this episode of On the Record, brought to you by Associated Equipment Distributors, Marc Johnson, principal with Pinion, provides 4 factors that will be important for dealers to watch in 2025 that will impact their business.
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.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.
Finance Scope is able to provide the best financing opportunities for equipment dealers and customers through a diverse mix of lending companies under one single platform. Our large group of lenders, allows for competitive rates regardless of credit scores. Additionally, dealers and customers have access to the industry’s best expertise surrounding finance and lease structures, for all purposes, within the agricultural and construction industries. We provide all of this into one online platform to provide our customers with the best available tailored finance solution for their equipment.