The launch of a new R-Series range of compact and full-size telescopic handlers marks the beginning of Doosan Bobcat’s campaign to double its sales of these machines into worldwide agricultural and construction markets over the next 5 years.
Doosan Bobcat’s entry into the European compact wheeled loader market has kicked off with the first Bobcat L85 model coming off the production line at the company’s European headquarters, engineering and assembly operations in the Czech Republic.
According to a report from The Korea Times, Doosan Group has put up its share of Doosan Infracore for sale. This has been interpreted as a way for the group to maintain control of Doosan Bobcat amid financial trouble.
Based in a new $10 million headquarters at its Dobris plant in the Czech Republic, Doosan Bobcat EMEA recorded a 12.8% increase in revenues from €765 million ($732 million) in 2018 to €863 million ($936 million) last year.
According to multiple reports, ag equipment manufacturers are opening their facilities in North Dakota and will be implementing strict guidelines to create safer work environments for employees during the pandemic.
Returning to the compact tractor market in North America last year helped Doosan Bobcat Inc., record a 5.4% increase in fourth quarter 2019 sales and contributed to a 7.2% rise in full year sales to $3.8 billion.
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In this episode of On the Record, the latest Dealer Sentiments Report shows that dealers inventories of both new and used equipment are improving despite being too low. In the Technology Corner Noah Newman talks with Verdant Robotics plans to scale its fleet. Also in this episode, Titan Machinery reports record results for the third quarter of fiscal year 2023 and Farm Credit Canada forecasts tight machinery inventories well into 2024.