Industry News

CNH Industrial Earnings Declines on Strong Euro

Tractor and truck maker CNH Industrial's third-quarter profit fell as a stronger euro hurt its Latin American business and its truck business suffered from pricing pressure in a flat market. The sister company of Italian car maker Fiat stuck to its full-year targets on Thursday as a strong performance from high-margin agricultural machinery is expected to offset weakness in trucks and construction equipment.
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Sale of Tractors and Combines in Europe Remains Stable

The manufacturers of tractors and combine harvesters are satisfied with the current economic situation. At the bi-annual meeting of the CEMA Product Group for large tractors and combine harvesters in Brussels on October 17 the manufacturers reported on slightly declining sales in Europe.
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AGCO Reports 7.9% Rise in 3Q13 Net Sales

AGCO reported net sales of approximately $2.5 billion during the third quarter of 2013, an increase of approximately 7.9% compared to net sales of $2.3 billion for the third quarter of 2012.
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