AGCO posted net sales of about $2 billion during the second quarter of 2020, down approximately 17.2% vs. the same period a year earlier. Net sales for the second quarter were approximately $2 billion, a decrease of approximately 17.2% compared to the second quarter of 2019.
On July 9, Art’s Way Mfg. reported consolidated sales for the 3 months and 6 months ended May 31, 2020 were $5,446,000 and $10,472,000, respectively, compared to $5,747,000 and $9,871,000 during the same respective periods in fiscal 2019.
CNH Industrial reported on May 6 that its consolidated revenues for the first quarter 2020 ended March 31 were $5.5 billion, down 15% vs. the first quarter 2019. The company reported a net loss of $54 million compared to net income of $264 million for the same period last year.
According to a March 12 report on vice.com, Maryland is poised to pass right to repair legislation that would require electronics manufacturers like Apple, Microsoft, John Deere and dozens of others to sell repair parts to the public and to make repair manuals and tools available to everyone.
The Italy-based SDF Group, manufacturer of Deutz-Fahr, SAME and Lamborghini tractors, has embarked on an investment project that will modernize and expand its Indian tractor and engine manufacturing plant.
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In this week's episode we take a look at President Joe Biden's recent executive order that encourages the Federal Trade Commission to make rules related to Right to Repair. In the Technology Corner, Ben Thorpe discusses the results of the 8th Annual Strip-Till Operational Benchmark Study and what precision technology strip-tillers plan to invest in in 2021. Also in this episode: Art's Way's second quarter and first half earnings and Kubota's results in the latest EDA Dealer-Manufacturer Relations report.