The Company saw another excellent quarter for revenues, coming in at $68.9, surpassed only by the record first quarters enjoyed in 2011 and 2012. Demand continues to be strong for tractors, seeding and tillage.
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.
With investors holding more than 78% of Kverneland shares agreeing to sell their holdings to Kubota by last week's offer deadline, the Japanese tractor manufacturer has all but secured control of one of the World's largest farm implement concerns.
When things to be going too well, most of us start thinking about what could go wrong. As we're preparing for the 2012 Farm Equipment forecast, it's kind of scary to see how things are lining up for the coming year.
Despite continuing strong farm fundamentals and projected strong ag equipment purchases through the end of this year, at least two analysts, JP Morgan and Wells Fargo, downgraded Deere & Co. shares.
Fiat SpA (F.MI) has agreed with eight banks to refinance EUR4 billion in loans, a measure that paves the way for the company's planned split into separate automobile and heavy-equipment companies, Il Sole 24 Ore reports, without citing sources.
Although Fiat Industrial (FI.MI) Chairman Sergio Marchionne says he's considering a range of options for the company's U.S.-listed subsidiary CNH, investors appear to be betting the parent will offer to buy the stake it doesn't own of the maker of farm and construction machinery as part of a plan to eventually move Fiat's Milan (FI.MI) listing to New York.
Titan now expects to achieve revenue for the full year ending January 31, 2012 in a range of $1.310 billion to $1.385 billion compared to the previous range of $1.275 billion to $1.350 billion.
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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