AGCO reported a 10 per cent decline in tractor sales and 27 per cent decline for combines in North America last year.
In dollars, sales in North America were down by 7.8 per cent,
But Eric Hansolia put a brave face in the financial report, saying “AGCO delivered strong fourth quarter results . . .”, reduced dealer inventories and gained market share.
Sales were also down in its divisions for Brazil and Western Europe.
The outlook for this year is for production and sales to hold steady.
