GFM Network News


CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close

When it comes to modern machinery, what counts as a repair versus a modification?


Repair your farm equipment, just don’t remake it

Where’s the line between a fix and a change when it comes to machinery?

[UPDATED: Feb. 25, 2020] By all means, get that tractor running like new, but watch out if you’re changing how it functions. That was the message 2020 attendees of CropConnect in Winnipeg were told as Eric Wareham, U.S. vice-president of government affairs with the Western Equipment Dealers Association, took the podium. “We as an industry


Machinery costs driving up fixed farming expenses

MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not the main driver of fixed

AgDealer offers online equipment financing, shipping tools

Canada’s biggest used farm equipment shopper publication has added tools to link prospective buyers to options for payment plans and shipping. AgDealer on Monday announced “major enhancement(s)” at its AgDealer.com site, where each equipment listing will include buttons linking to tools from CWB National Leasing and Trusted Dispatch. The online tools allow AgDealer.com users to

CNH to list truck and bus business in break-up

Milan | Reuters — Industrial vehicle maker CNH Industrial has decided to split in two and list its truck, bus and engine division in an effort to boost asset values and streamline its businesses. The plan comes just six years after CNH Industrial was created when Fiat Industrial — spun off from the Italian carmaker