As part of its wide-ranging strategy to gain tractor market share in Europe, CNH Industrial aims to transform its obscure Steyr brand into a premium, high tech, high margin line that will appeal to dealers committed to retaining their independent implement franchises.
FPT Industrial, the global powertrain brand of CNH Industrial (NYSE:CNHI / MI:CNHI), has announced that it has signed a Memorandum of Understanding with Microvast, aimed at industrial and commercial cooperation to enable FPT Industrial to design and assemble battery packs in house, at its facility in Turin, Italy.
In the run-up to the 2019 Agritechnica show, held in Hanover, Germany, on Nov. 10-15, numerous products were presented by manufacturers and registered in competition for the Agritechnica Innovation Awards, including advancements in engine emissions, powershift gearboxes and digitization.
John Deere revealed their new, autonomous concept tractor at a dealer meeting in Valencia, Spain, according to Agriland, an Irish agriculture publication. The apparently cab-less tractor will have a rated (electric) power output of 500kW (approximately 680hp).
If employees at off-highway vehicle driveline components specialist AxleTech are familiar with the term Déjà vu — the feeling of having experienced the present situation before — then that is surely what they are feeling just now. Because AxleTech has just been sold for a second time by global investment firm The Carlyle Group.
In the year that Escorts, the Indian tractor and construction machinery business, finished paying off historical debts to a former supplier, the group saw revenues climb 23.5% above the prior 12 month period.
In June, Siloking Mayer reached a milestone by supplying 2,000 of its self-loading mixer-feeders since 2004; 10 years passed before total production reached 1,000 machines but the 2,000 mark has been reached in only 4 years.
While the use of new technologies to meet the demand for food from a growing global population seems to garner most of the attention these days, the more immediate challenge for farmers is coping with the growing labor shortages and the cost of regulations.
Dana is building its portfolio of products and expertise in anticipation of a forthcoming shift to electrical propulsion for agricultural and other off-highway vehicles by acquiring an Italian specialist in the field.
Investment totaling the equivalent of just over $114 million will result in improved manufacturing and assembly facilities and a new range of engines at AGCO Power in Finland.
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In this episode of On the Record, brought to you by Associated Equipment Distributors, we talk to a Solectrac executive about the company's search for a new investor. In the Technology Corner, Noah Newman talks about the majors' growing presence in the precision retrofit market.