Insights and Stories on Machinery

Jan. 23, 2023 at 4:14 pm CST

Reuters — Canada’s Ritchie Bros. on Monday sweetened the cash component of its buyout offer for IAA Inc. by 28 per cent, valuing the U.S. auto retailer at US$5.94 billion, and also secured the backing of a key IAA shareholder which had questioned the initial offer. The latest cash-and-stock offer […]

By Reuters

Jan. 18, 2023 at 4:32 pm CST

MarketsFarm — China has largely been behind the current upticks in global crude oil prices, according to Tom Kloza, global head of energy analysis for Oil Price Information Services in Lakewood, NJ. He suggested that China’s economy will begin to pick up steam in 2023 after the government loosened its […]

By Glen Hallick - MarketsFarm

Jan. 9, 2023 at 8:01 am CST

Racine | Reuters — Members of two local unions that have been on strike since May at CNH Industrial factories in Wisconsin and Iowa on Saturday voted down a tentative labour contract, the United Auto Workers union said. The union did not disclose how many workers at the two plants […]

By Bianca Flowers

Jan. 9, 2023 at 7:35 am CST

Chicago | Reuters — The American Farm Bureau Federation and machinery manufacturer Deere and Co. signed a memorandum of understanding on Sunday that ensures farmers have the right to repair their own farm equipment or go to an independent technician. As the agriculture sector accelerates its adoption of technology, the […]

By P.J. Huffstutter

Jan. 1, 2023 at 4:40 pm CST

CNH’s Industrial Tech Days event last month in Phoenix served as a pre-launchpad of sorts for the equipment firm’s pending launches in the farm autonomy and automation market segments. Commercialization for the new products will be “announced at a later date,” the company said in a release Dec. 12. Scott […]

By Staff