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Machinery Construction and Farm Machinery

  • A John Deere excavator on display at the CONEXPO show in Las Vegas.

    U.S. tractor maker Deere said on Friday net sales and revenues rose 23 percent year-on-year to $6.91 billion in the quarter ending Jan. 28.

  • Traffic is diverted on Foothill Road as workers place K-rail barricades along burn areas during a winter rain storm in Ventura, California, January 9, 2018.

    J.P. Morgan reiterates its overweight rating for Caterpillar shares, predicting strong sales growth for its equipment through 2022.

  • GUIYANG, China, Jan 29- The largest U.S. maker of equipment for pig farms opened a new factory in China on Saturday, investing in its third plant in the world's top hog market in a bet the country's ambitious push into large-scale pig farming will bring a surge in demand. The move sees privately owned Hog Slat Inc put $2 million into building the plant, near Guiyang,...

  • Traffic is diverted on Foothill Road as workers place K-rail barricades along burn areas during a winter rain storm in Ventura, California, January 9, 2018.

    Following a strong earnings report last quarter, Caterpillar's year-over-year revenue growth is expected to surge more than 25 percent.

  • FCA US LLC- RAM HEAVY DUTY TRUCK PRODUCTION WILL RELOCATE FROM MEXICO TO MICHIGAN IN 2020.

  • A ceremony to start manufacturing new CAT 777A haul trucks at the Caterpillar Tosno factory.

    Shares of Caterpillar rise after J.P. Morgan upgrades the stock, citing another strong year ahead.

  • *Buys stake from activist Cevian Capital. STOCKHOLM, Dec 27- China's Geely Holding, owner of the Volvo car brand, is buying an 8.2 percent stake in Swedish truckmaker AB Volvo from activist investor Cevian Capital, worth around $3.3 billion at current market prices. "Given our experience with Volvo Car Group, we recognize and value the proud Scandinavian history...

  • STOCKHOLM, Dec 27- China's Geely Holding, which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion. Volvo Car Group was split from AB Volvo almost 20 years ago and Geely said it was not its current intention to try to reunite the two businesses.

  • TORONTO, Dec 15- Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while financial stocks and base metal miners also gained. *Linamar surged 11.5 percent to C $72.50 after saying after the bell on Thursday it had agreed to buy privately held MacDon Group...

  • TORONTO, Dec 15- Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while natural resources stocks also boosted the move higher. *Linamar gained 7.8 percent to C $70.09 after saying after the bell on Thursday it had agreed to buy privately held MacDon...

  • TORONTO, Dec 15- Canada's main stock index gained in early trading on Friday, as auto parts maker Linamar Corp jumped on news of a C $1.2 billion deal to buy an agricultural equipment maker, and heavyweight energy and financial stocks also rose. The Toronto Stock Exchange's S&P/TSX composite index was up 60.76 points, or 0.38 percent, at 16,077.22 shortly after the...

  • Dec 14- Canadian auto parts maker Linamar Corp said on Thursday it agreed to buy privately held MacDon Group of Cos for C $1.2 billion, to strengthen its presence in the agricultural equipment market. Winnipeg, Manitoba- headquartered MacDon designs and manufactures specialized agriculture harvesting equipment such as drapers and self-propelled...

  • SAO PAULO, Dec 4- Canadian farm equipment maker Ag Growth International Inc plans an aggressive expansion through acquisitions in Brazil following the overhaul of its first South American plant, which it bought last year, a senior executive said. AGI spent $40 million to buy and modernize the factory in Sao Paulo state and plans to recover that investment in...

  • *Overseas demand expected to help Japan's economy. TOKYO, Nov 30- Japan's industrial output rose less than expected in October, but companies forecast production to rise strongly in November and December as robust overseas demand continues to support factory activity and broader economic growth. "I expect the economy to continue expanding," said Shuji...

  • Deere said equipment net sales in the United States and Canada surged 23 percent in the fourth quarter ended Oct. 29, while sales in other markets jumped 30 percent. "We saw higher overall demand for our products with farm machinery sales in South America making especially strong gains and construction equipment sales rising sharply," Deere Chief Executive...

  • Nov 22- U.S. tractor maker Deere& Co on Wednesday forecast strong earnings for the coming fiscal year, while reporting fourth-quarter results ahead of Wall Street estimates, as it benefits from improving demand for farm machinery. Deere said equipment net sales in the United States and Canada rose 23 percent in the fourth quarter ended Oct. 29, while sales in other...

  • A John Deere excavator on display at the CONEXPO show in Las Vegas.

    U.S. tractor maker Deere's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets.

  • Nov 22- U.S. tractor maker Deere& Co's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets, particularly in South America. Moline, Illinois- based Deere said on Wednesday net income attributable to the company rose to $510.3 million or $1.57 per share in the quarter ended Oct. 29, from $285.3 million or 90...

  • Mahindra North America CEO

    Mahindra North America CEO Mani Iyer speaks to CNBC's Michelle Caruso-Cabrera about the Indian tractor manufacturer's U.S. expansion plans and what tax reform would do for his company.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. "Youll be able to travel from LA to San Francisco, and back, at highway speed without recharging.