Agriculture equipment giant Deere must face a lawsuit by the U.S. Federal Trade Commission accusing the company of forcing farmers to use its authorized dealer network and driving up their costs for parts and repairs, a U.S. judge has ruled.
Deere must face FTC’s antitrust lawsuit over repair costs, US judge rules
Suite alleges Deere violated U.S. antitrust laws by controlling too tightly where and how farmers could repair equipment
Deere tops second-quarter estimates, trims annual profit forecast
Shares up five per cent
Deere & Co cut the lower end of its annual profit forecast on Thursday but topped Wall Street expectations for second-quarter results aided by cost-saving measures and inventory management, sending its shares up five per cent.
CNH Industrial lowers annual profit forecast on softening equipment demand
Farm and construction equipment maker CNH Industrial on Thursday slashed its annual profit forecast, hurt by subdued demand for its machines amid economic uncertainty triggered by U.S. President Donald Trump’s sweeping tariffs.
CNH Industrial names James Nickolas as CFO
Tractor maker CNH Industrial on Thursday named James Nickolas as its new chief financial officer, succeeding company veteran Oddone Incisa.
AGCO to pause equipment deliveries to the U.S
Details surrounding the pause in U.S. tariffs remains murky
AGCO has publicly stated its intention to pause equipment deliveries into the U.S. It manufactures some Fendt and Massey-Ferguson branded equipment in Germany and France, among other locations, for the North American market.
Tariffs throw US, Canadian farm machinery manufacturers into turmoil
All around a recent farm show in Canada, equipment salespeople struggled to swing deals with farmers worried about tariffs. With some combines costing more than $800,000, a surprise price hike from a tariff would be a hit most farm budgets cannot easily take.
ANALYSIS: U.S. auto sector tariffs an “own goal”
Uncertainty caused by the on-again-off-again tariff threat has already disrupted production of some vehicles
The uncertainty caused by the on-again-off-again tariff threat has already disrupted production of some vehicles
ANALYSIS: U.S. announces 25 per cent additional tariffs on autos
“Foreign-made” automobiles from all countries to be affected
It was unclear after the announcement how the tariff would be applied to the integrated North American auto sector, which builds sub-assemblies for autos in all three countries before they're added to finished vehicles.
Tractor, combine sales face downward trend
Sales of farm tractors and combines have declined over the last year in North America
Sales of combines are a handy gauge for farmer optimism. This winter, farmers weren’t feeling it.
Farm machinery associations respond to retaliatory proposals
Agriculture equipment may soon be widely tariffed for the first time since the Second World War
The North American Equipment Dealers Association says Canadian counter-tariffs on farm machinery could severely impact the sector.
