FTC, USDA Probe Sends Farm Equipment Stocks Lower
Agricultural-equipment stocks, including Deere, fell after the FTC and USDA opened a broad inquiry into whether manufacturers and dealers restrict competition, repair options, or access to equipment. The scrutiny could extend to dealer networks and industry consolidation as regulators seek public input on practices affecting farmers.
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About CNH Industrial
CNH Industrial NV is an American-British multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the Dutch investment company Exor, which in turn is controlled by the Agnelli family. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment. Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures. In 2019 CNH Industrial employed more than 63,000 people in 67 manufacturing plants and 56 research and development centers. The company operates across 180 countries.
Everything about CNH Industrial →- Country
- Netherlands
- Headquarters
- Amsterdam
- Inception
- September 29, 2013
- Website
- http://www.cnhindustrial.com/, http://www.cnh.com