Why John Deere plans to buy satcom services
WASHINGTON— Agriculture equipment manufacturer John Deere wants to add more satellite connectivity solutions to its equipment that can help farmers work more efficiently. The company is assessing a slew of satcom proposals from multiple vendors as it looks to connect its machines and
Tight financing spreads push down John Deere Capital income
Less favorable financing spreads pushed down John Deere Capital Corp.’s net income in the first quarter of fiscal 2023, prompting the company to revise the income outlook for its global finance arm. JDCC income clocked in at $185 million, down 19%
2022 equipment ABS volume increased 14% YoY
Equipment asset-backed securities issuance volume in 2022 outpaced the last three years as the structured finance segment continues its growth trajectory. Equipment ABS volume landed at $22.3 billion, an increase of 14% YoY, according to JPMorgan Securities. By comparison, volumes landed
Former Yamaha Finance exec jumps to commercial vehicle finance
Yamaha Financial Services’ former Chief Risk and Chief Strategy Officer Vijay Patil departed the lender in July, 2021 to helm a new venture that brings the indirect lending model to commercial vehicle finance. Patil is the co-founder and chief operating officer
