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.
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CNH Industrial lowers annual profit forecast on softening equipment demand
New Holland adds to its telehandler line
New compact TH6.26 model brings total number of NH telehandlers to three
The company expects the telehandler’s compact size will make it popular with specialty agriculture operations such as poultry producers, smaller growers and livestock and hay operations that don’t need the reach and capacity of the bigger machines.
Deere announces independent repair tech pilot program
Company announces new ‘self-repair’ options for owners, repair shops
Deere bills its new “self-repair solutions” for owners and independent repair shops as “another significant step forward in supporting customers’ ability to maintain and repair their machines.”
CNH’s AI Tech Assistant speeds access to repair information
The pilot program provides a one-stop digital portal for technicians
CNH’s new online database, AI Tech Assistant, uses artificial intelligence to help dealership technicians find accurate repair procedure information quickly.
SDF to build low-horsepower tractors under Massey brand
Agco and SDF partner to expand MF tractor offerings up to 85 horsepower
Agco announced Wednesday that it and Italy-based SDF (Same-Deutz-Fahr) have signed a supply agreement. SDF will build a low-horsepower range of utility tractors for Agco’s Massey Ferguson brand.
Buhler Industries going private
Winnipeg tractor and implement maker will be delisted from the TSX
Winnipeg's Buhler Industries, which makes Versatile tractors, Farm King augers, and other farm implements, will be privately owned by a Turkish firm under a proposed deal.
‘Tis the season to reduce costs on regular maintenance, repair
Wintertime sees service programs and parts discounts from OEMs
After a hectic harvest season, there may be a temptation to park machines in the shed, close the door and forget about them until next spring. But that’s not a good idea. Performing regular maintenance of equipment now can help cut costs. Dealerships looking to keep their mechanics busy in the off season typically offer […] Read more
Canadian farm equipment sales projected to slump in 2025
Farm machinery sales are forecast to decline for the remainder of the year and into the next. New equipment sales are expected to be soft as farmers face low commodity prices, high equipment prices and lower profits, though the decline in 2025 is expected to be less severe than in 2024. Sales of 4WD tractors are projected to stay above the five-year average.
Deere forecasts weak annual profit as farm incomes sag
Deere & Co forecasted lower-than-expected 2025 profit on Thursday, as slumping farm incomes and inflationary pressures affect demand for the company's tractors and other agricultural equipment.
CNH Industrial shares fall after third-quarter profit miss, forecast cut
Shares of CNH Industrial fell more than 10 per cent premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due to weak demand and reduced dealer inventory requirements.
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