Consolidated net sales for the fourth quarter of fiscal 2020 were $85.8 million, down 2.6% vs. the fourth quarter of fiscal 2019. The year-over-year decline was driven by Engineered Films.
In light of the COVID-19 virus outbreak and the lack of certainty of both the duration and magnitude of its impacts, AGCO is withdrawing its sales, earnings and other guidance. Production has been significantly reduced or suspended in several of the company’s European facilities, largely due to material shortages and constraints in the European supply chain.
The Board of CNH Industrial N.V. reached a unanimous decision and accepted the resignation of Hubertus Mühlhäuser as chief executive officer, who has left the Group with immediate effect. The Board thanked Mühlhäuser for his dedicated leadership, service and numerous contributions during his tenure.
In Leo Johnson’s 42 years as a dealer, he says the only thing he can remember that came close to the current uncertainty was following Black Monday in 1987.
On March 19, Christopher Krebs, director of Cybersecurity and Infrastructure Security Agency (CISA) of the U.S. Department of Homeland Security, issued a Memorandum on Identification of Essential Critical Infrastructure Workers During Covid-19 Response. The memo listed the various industries deemed “essential” during this time and included food and agriculture.
In light of the supply chain constrains caused by the COVID-19 emergency in Europe, CNH Industrial is suspending the majority of its European assembly operations for a 2-week period.
The Association of Equipment Manufacturers, Associated Equipment Distributors, and the Equipment Dealers Association urged governors to designate equipment manufacturers, suppliers, and dealers, and service technicians as “essential” to the economic continuity of the states as they continue to respond to the COVID-19 pandemic.
The World Health Organization declared COVID-19, also known as the Coronavirus, as a pandemic on March 11. See the plans that dealers across North America have in place to keep their employees safe, while still serving customers — either in the store or at their sites.
The Agricultural Retailers Association (ARA) sent a letter to President Trump underscoring the priorities identified by its members to be addressed during the COVID-19 pandemic and related limitations on businesses.
The Equipment Dealers Assn. is hosting a webinar at noon Central, Thursday, March 19, "Coronavirus: Legislative and Practical Considerations for Equipment Dealers." EDA also offers an extensive list of resources for dealers in the U.S. and Canada.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we take a look at the FTC and USDA’s announcement that they are seeking public comment on farm equipment manufacturing and distribution practices.
Since 1980, A&I Products has become a leading manufacturer and wholesale distributor of aftermarket replacement parts for the agricultural, turf, and industrial equipment markets. A&I Products' experience and expertise has greatly contributed to the company's reputation as a top supplier of quality, reasonably priced parts. Founded with roots as a small machine shop and repair facility, the company made the transition by manufacturing new parts to replace those that were identified as commonly needing repair. Throughout the 1980s, the company quickly garnered a reputation for offering quality parts at a reasonable price.
Built on 90 years of expertise, Yetter Farm Equipment leads the agriculture industry in designing effective and innovative equipment for residue management, seedbed preparation, precision fertilizer placement, harvest attachments, strip-tillage, and more.
At Machinery Scope, we believe you deserve the best risk management solutions for your investments in heavy equipment. Since 2013, we have been proud to offer extended warranty, appraisals, and inspections. Machinery Scope is a family-owned business built on our experience in farming and equipment dealerships. We understand your business and provide a personalized and professional level of customer service. Machinery Scope has built a strong warranty product with our customers in mind, offering the same professional level of service from the time you get a quote, through the processing of a claim.