CNH Industrial N.V. (NYSE:CNHI / MI:CNHI) today announced consolidated revenues of $5,749 million for the third quarter of 2016, down 1.7% compared to the third quarter of 2015. Net sales of Industrial Activities were $5,461 million for the third quarter of 2016, down 1.6% compared to the third quarter of 2015.
Kongskilde Industries' owner, DLG Group (DLG a.m.b.a.) has entered into an agreement to sell the Grass and Soil activities of Kongskilde Industries to CNH Industrial N.V. With the transaction, the DLG Group continues to follow its strategy to divest non-core activities and strengthen its focus on core business areas.
Cleveland-based Miller Quality Produce Inc. won the Farmer Veteran Coalition blind/sealed bid auction for the “Patriot One” Thunder Creek FST 990 fuel and service trailer. All proceeds from the auction go directly to Farmer Veteran Coalition to support its mission of “Mobilizing veterans to feed America”.
In North America, the division is continuing to suffer from weak demand and increased competitive pressure in the construction and agricultural sectors.
Howse Implement Co. Inc., a farm implement manufacturer, has retained Heritage Equity Partners (HEP), in conjunction with Jax Auctioneers, to seek debt or equity financing, a joint venture partner, or a buyer for the business. Founded in 1964, this family owned and operated company builds quality farm, industrial and recreational equipment for a broad, global customer base.
According to a report in the Capital Press, Deere & Co. claims CNH Industrial initiated the complaint with the U.S. Dept. of Justice that led to the DOJ's blocking of Deere's acquisition of Precision Planting.
Ag Leader has reached an agreement with Deere to obtain the technologies and licenses necessary to manufacture and sell the Precision Planting SpeedTube and related technology, including vSet, vDrive, and DeltaForce.
As editors, it’s our job to know, and deliver on, the news, topics and ideas that are most relevant to the farm equipment industry. Unlike years past, the prevalence of analytics in today’s world allows us to take a first-hand look at the information-consumption habits of our audience.
ADMA has posted an ADMA safety video for agricultural drivelines on YouTube. The video serves as an additional resource that is easily available to end users.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at AGCO’s plans for its precision business and its 2029 targets. In the Technology Corner, Noah Newman talks with Eis Implement’s precision team. Also in this episode, the interest savings dealers could see with the latest rate cut by the Fed and a look at the used 100+ horsepower tractor market.
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.
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