Tractors and Farm Equipment Limited on Monday said it has filed a contempt petition against US-based AGCO Corporation alleging disobedience of orders of a Commercial Court in Chennai. Despite its efforts to engage with AGCO to resolve its concerns, the latter continued to disregard TAFE’s suggestions aimed at improving operational performance, strategic execution, capital allocation policies and corporate governance, it …
Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio facility starting in early 2023. “This partnership reflects Foxconn’s growing center of gravity for autonomous electric vehicle production and the potential that can emerge from forward-thinking collaborations,” Young Liu, chairman of Hon Hai Technology Group, …
Deere & Co. said Tuesday that it has developed a fully autonomous tractor designed for large-scale farming and that it plans to sell the machine later this year. The autonomous tractor is a version of Deere’s existing 8R series machine, the largest of which has 410 horsepower. Farm-equipment manufacturers, including several startups such as Monarch Tractor and Carbon Autonomous Robotics …
Tractors and Farm Equipment Limited, the largest investor in AGCO Corp, on Tuesday again pressed the agricultural machinery maker to refresh its board and consider strategic alternatives as it risks falling further behind its rivals. Indian tractor manufacturer Tractors and Farm Equipment, known as TAFE, said in a US regulatory filing that it made a presentation to the company in …
