Indian vehicle maker Mahindra and Mahindra Ltd (MAHM.NS) said on Thursday it would buy a 33 percent voting stake in the agricultural machinery-making unit of Mitsubishi Heavy Industries Ltd. for $25 million.
Deere & Co. says it expects equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery.
Shares of the world’s largest farm equipment maker fell as much as 4 percent in premarket trading.
True North Equipment, a four-store John Deere dealer network in the northern Red River Valley of North Dakota and Minnesota is charting a new course, shifting away from traditional store managers and focusing heavily on training.
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