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Case IH Delivers 44 Tractors to Ethiopian Ag Equipment Program

June 1, 2020 | Posted in Ag Equipment Worldwide

According to a report from Industrial Vehicle Technology, the company delivered 44 Maxxum 125 tractors to EthioLease, a subsidiary of Africa Asset Finance Company Inc.

European Tractor, Harvester Production Resumes at a Modest Pace

May 15, 2020 | Posted in Ag Equipment Worldwide

Tractor and harvester production is underway in Europe once more after extended shutdowns brought output to a complete halt as the coronavirus pandemic took hold.

CNHI Reports 1Q20 Revenues Drop 15%; Ag Down 10%

May 6, 2020 | Posted in Earnings Reports

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.

CNHI Restarts Production at 4 Italian Factories

April 29, 2020 | Posted in Ag Equipment Business

According to a report from Reuters, CNH Industrial is planning to restart production at 4 of its facilities in Italy on May 4. This includes facilities in Modena, Foggia and two facilities in Turin.

CNHI, Doosan Bobcat Reopen Manufacturing Plants in North Dakota

April 24, 2020 | Posted in Ag Equipment Business

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.

CNHI Management Takes Salary Cuts, Italian Unions Agree to Health Measurements for Factories

April 16, 2020 | Posted in Ag Equipment Business

To demonstrate solidarity with its workforce, the CNH Industrial senior management team has elected to forego temporarily part of its compensation, including the Company’s Board of Directors have agreeing not to take any of their remuneration for the rest of year.

CNHI Appoints New CEO, Closes Plants in Europe & North America

April 15, 2020 | Posted in Ag Equipment Business

CNH Industrial announced a series of updates to its business operations amid the COVID-19 pandemic. Aside from changes to executive positions, the announcements have been fueled, at least in part, by the growing economic impact of the virus.

CNHI Announces European Assembly Operations Remain Suspended Through April 17

April 6, 2020 | Posted in Ag Equipment Worldwide, Ag Equipment Business

In a press release, CNH Industrial has announced the extension of its shutdown on its European assembly operations through April 17.

Turkish Tractor Sales Crash for a Second Year in 2019, But Ag Exports Explode

April 6, 2020 | Posted in Ag Equipment Worldwide

Turkey’s volatile tractor market crashed for a second year in 2019, plunging more than 45% to just short of 26,300 units, the lowest figure recorded by ag machinery trade organization Tarmakbir since 2009 when farmers bought just 13,700 tractors. At the same time, the country’s ag machinery exports continue to climb.

Rocky Mountain Dealerships Provides COVID-19 Update; Doesn’t Expect Parts Supply Disruption

April 1, 2020 | Posted in Dealers & Dealerships

Rocky Mountain Dealerships (TSX:RME), Canada's largest agriculture equipment dealer, announced an update with respect to the impact from the COVID-19 virus outbreak on its current operations.

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