Fiat’s Chairman, Sergio Marchionne, hosted an analyst meeting in New York City yesterday, where he introduced the Fiat Industrial management team and answered questions regarding the newly formed entity.
The head of AGCO Corp said on Thursday that comments he made earlier this week about wanting to buy portions of CNH Global NV were strictly academic because Fiat SpA views the farm and construction equipment subsidiary as "strategically important" and has no plans to sell it.
CNH Global shares are up 70% since the end of June in anticipation of buyout options for the farm and construction machinery company under the reorganization of Italian auto maker Fiat.
Fiat CEO Sergio Marchionne, citing the divergent customers, strategies, capital needs and potential alliance partners of the two divisions, is asking shareholders to approve a demerger of the firm into two companies.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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