Deere and Company helped mechanize agriculture with the first commercially successful steel plow in 1837. They recently went in a different direction by unveiling another transformative machine: a fully autonomous john deere tractor. Wired says the new 8R tractor uses six pairs of cameras and advanced artificial intelligence to navigate its environment. It can find its way to a field …
John Deere Factory Workers Approve New Contract
Factory workers at Deere & Co. ended their month-long strike Wednesday by approving the third contract offer after rejecting the two previous offers. The United Auto Workers (UAW) said 10,000 members ratified a new six-year contract offer by a vote of 61 percent to 39 percent. UAW says the deal includes a $8,500 signing bonus, a 20% increase in wages …
Deere Employees Reject Deal, Continue Strike
Deere and Company employees this week again rejected a tentative contract agreement. By a vote of 45 percent yes to 55 percent no, United Auto Workers John Deere members voted down the agreement. UAW says the strike will continue as they discuss next steps with the company. This is the second tentative contract agreement rejected by Deere workers during the …
Deere Reports 2019 Sales Increase
(NAFB) — Deere & Company reports worldwide net sales and revenues increased five percent in both the fourth quarter and full year of 2019 to $9.8 billion and $39.2 billion. Deere reported fourth-quarter net income of $722 million, compared with net income of $785 million, in 2018. Agriculture and Turf sales increased for the quarter and full year of 2019 …
Deere Files Copyright Infringement Lawsuit Against Precision Planting, AGCO
Deere & Company announced it has taken legal action against Precision Planting LLC and AGCO Corporation, claiming that the companies have infringed on 12 John Deere patents. The Deere patents, according to a company news release, relate to several of the “unique and inventive” aspects of John Deere planting equipment, many of which are “embodied in the state-of-the-art technology” Deere …
John Deere Raising Prices to Cover Steel Costs
Deere & Company is raising equipment prices in order to protect profits as costs rise. The farm and construction machinery manufacturer says profits were up 50 percent and equipment sales were up 34 percent annually in its latest quarter. However, a Dow Jones report says those numbers disappointed analysts. Deere’s share rose nearly six percent as investors are focusing on …