According to CNH Industrial’s full year 2022 earnings released on Feb. 2, the company brought in $23.6 billion in revenue in 2022, up 20.8% year-over-year.
The general business climate index for the European ag equipment industry held its first significant upward trend in December since the sharp declines in the course of the Russian war against Ukraine.
The general business climate for the ag equipment industry in Europe has improved for the second month in a row, according to the latest update to the CEMA Business Climate Index.
Keestrack, a manufacturer of mining, recycling and construction equipment, is poised to enter the electric ag arena through its recently acquired tractor manufacturer, Goldoni and Swiss tractor manufacturer Rigitrac.
According to the October update to the CEMA Business Climate Index, the index's development has continued its sideways movement after the declines in the course of the war in Ukraine.
The general business climate index for the agricultural machinery industry in Europe has risen slightly for the first time since its sharp decline in the course of the Russian war against Ukraine, according to the July update to the CEMA Business Climate Index.
The market for new tractor sales in Ireland surged last year as both tillage and livestock farmers were buoyed by improved commodity prices and Covid-related supply issues eased.
A total of 229,031 tractors were registered in Europe in 2021, up 18.3% from 193,603 in 2020, according to a March 21, 2022, report from the European Agricultural Machinery Assn. (CEMA).
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