Equipment World Digital Magazine
Issue link: http://read.dmtmag.com/i/320559
June 2014 | EquipmentWorld.com 12 reporter | continued Briefs Terex Despite fl at sales, Terex announced increased fi rst quarter earnings due to the continued success of its aerial work platform segment. Net sales were at $1.6 billion for the quarter, unchanged from the fi rst quarter of 2013. Aerial work platform sales were up 15 percent to $585 million over the fi rst quarter of 2013. Net sales from construction fell year-over-year during the fi rst quarter, down 7 percent to $195.7 million. The construction segment still operated at a loss of $5 million, but that is improved from the fi rst quarter of 2013 when the segment lost $14.5 million. JCB JCB announced a profi t of $528 million, down 14.2 percent from fi scal year 2012. Sales were down 0.7 percent to $11.6 billion. Sales volume was down as well, falling 4 percent from 66,227 machines sold in 2013 as opposed to 69,250 in 2012. Despite the fall in sales and profi t, JCB said it was the third-most profi table year in the company's history. Deere Deere announced a profi t of $980.7 mil- lion, or $2.65 per share, for the second quarter of 2014 ending April 30, down 10 percent from the second quarter of 2013. Equipment net sales in the U.S. and Canada were down 12 percent for the fi rst quarter and 6 percent for the fi rst half of the year. CNH Industrial CNH Industrial reported fl at revenues during the fi rst quarter of the year, total- ing $7.5 billion. Construction equipment sales were up 2.7 percent during the same period. F or the F-650 and F-750 2016 model year, Ford will drop the Cummins ISB 6.7 liter engine currently of- fered in its trucks, offering instead a Ford 6.7-liter Power Stroke V8. The trucks will be manufactured at Ford's van factory in Avon Lake, Ohio. For nearly 15 years, the trucks were man- ufactured in Mexico as part of a joint venture with Navistar International – Blue Diamond Truck. The Blue Diamond manufacturing relationship with Navistar, an approximately $400 million per year business, ends in early 2015. The 2016 Ford F-650/F-750 will be available in spring 2015 and will be offered in three cab styles – Regular Cab, SuperCab and Crew Cab – and in three models: straight frame, dock height and an all-new dedicated tractor model for heavy towing. The 6.8-liter V10 will be available for both F-650 and F-750 models with the 6R140 six-speed automatic transmission. The 6.8-liter V10 can be factory- prepped for converting to compressed natural gas or liquid propane gas as cost-effective alternatives to unleaded gaso- line. – Jason Cannon Ford drops Cummins for own 6.7L V8