AGCO Corp. said that third-quarter earnings fell 90% as lower commodity prices and tight credit in some fast-growing markets weighed on sales of its tractors and harvesters.
AGCO Corp. lowered its outlook for net income per share citing lower sales levels across all regions, lower production and foreign currency translation.
AGCO Corp.'s plan to build more of its farm tractors in the U.S. as part of its ongoing campaign to raise its profile and profit in North America will also help reduce the company's exposure to foreign exchange rates volatility.
AGCO Corp. announced that Deere & Co. has dismissed a federal lawsuit the farm equipment company filed last month against current AGCO director of marketing and former Deere sales branch manager, Bill Hurley.
The chief executive of AGCO Corp the world's third-largest maker of farm equipment, said he was "very interested" in the possibility of doing a major M&A deal in North America if it would expand the company's "modest" market share in the region.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at CNH Industrial’s goals for growing its precision business by 2030.
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