CNH Industrial Capital outstandings up 18%
CNH Industrial Capital’s portfolio of outstandings grew in the first quarter of 2023 due to consumer demand — despite rising interest rates and increasing bank challenges. The financial services arm of equipment manufacturer CNH Industrial, CNH Industrial Capital, posted $24.5 billion
Outdoor Recreation Act to bolster equipment industry
America’s Outdoor Recreation Act of 2023 introduces three programs aimed at investment in outdoor recreation infrastructure poised to prop up the equipment industry. America’s Outdoor Recreation Act (AORA) was introduced on March 16 by U.S. Sens. Joe Manchin (D-W.V.), chairman of
Lindsay revenues decline as ag industry normalizes
Irrigation and infrastructure OEM and technology provider Lindsay Corp. posted declining year-over-year irrigation revenue as unit volume returns to normal seasonality. Lindsay’s North American irrigation revenue for the second quarter of 2023 were $90.4 million, down 10.2% from Q2 last year,
Agtonomy to integrate automation software in Bobcat equipment
Equipment manufacturer Bobcat is partnering with agricultural technology company Agtonomy to advance electrification, autonomous operation and digitalization in Bobcat’s agriculture equipment. “Bobcat wants to innovate in agriculture, and they’re doing that through a partnership with Agtonomy, where you bring together our
