Yahoo! Tech
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2024-12-19 17:33:26
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2024-12-19 17:33:26Event JSON
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"Farm Slump Dragging Into 2025 to Weigh on Machinery Maker AGCO"
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"AGCO Corp. announced its outlook for 2025, expecting net sales to be around $9.6 billion, down from an estimated $12 billion in 2024. The decline is partly due to the divestment of its grain-storage and livestock business. The company also expects a 25% drop in retail sales in the North American market. Despite this, AGCO is increasing its market share with its high-end Fendt tractors and PTx technology platform."
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