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.
According to a report from Global Atlanta, Kubota has closed its two manufacturing plants in Georgia through April 13, located in Gainesville and Jefferson. The plants will be disinfected following 3 of Kubota's employees being diagnosed with COVID-19.
CNHI has announced the withdrawal of its financial outlook for 2020 presented on Feb. 7,
2020. In addition, the company is suspending the majority of its manufacturing operations in North and South America for a two-week period, starting March 30.
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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.