In a recent press release, Manitou stated, "the Court ordered Manitou BF to pay the plaintiff
the total sum of $180,000 for the loss suffered, rejecting the claim of JCB, which was claiming a loss of $229,000,000."
AGCO additionally appointed a new Lead Independent Director, Mike Arnold, to demonstrate the Board’s commitment to "strong independent oversight, the rotation of Board leadership roles and the adoption of term limits for Board leadership positions."
Applied Machinery Sales (AMS), the importer and distributor of Merlo telehandlers and Rotos in the U.S., has opened a second location in Olathe, Kan. This location will offer the full line of Merlo Telehandlers and Rotos.
Robert Crain will be the Senior Vice President leading the newly formed Customer Experience team charged with delivering the best end-to-end customer experience in the industry. Seth Crawford has joined the senior team in the new role of Senior Vice President, Precision Ag and Digital.
The agricultural, forestry and earth mover tires unit of Finnish manufacturer Nokian has opened a new R&D centre as part of a €70 million ($85.5 million) investment program aimed at doubling capacity and extending the product lines available with more advanced high-performance designs.
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The latest episode of On the Record is now available! In this week’s episode we take a look at the Chicago Federal Reserve Bank’s fourth quarter survey, which suggests farm equipment loans could increase in 2021. In the Technology Corner, Jack Zemlicka discusses opportunities with early order programs in the midst of ongoing shortages and delays in parts availability. Also in this episode, a closer look at Deere and Kubota’s latest earnings releases and Fendt gains market share in Europe.