Tag Archives: John Deere

Nothing new under the sun here. Maintaining profits has been a matter of fact for decades. It became more popular under Pres. Reagan. Deere Reports Strong Profits Amid Layoffs of Workers Across Iowa, Des Moines Register August 13, 2024 and Kevin Baskins at the Des Moines Register reports on the Deere & Company layoffs across the state of Iowa. Layoffs happen when the economy turns down, companies make mistakes, or when a new competitor...

This is interesting. John Deere a manufacturer of gasoline driven equipment is partnering with an international company owned by Chevron and is based in Nanjing China. EGO is led by CEO Long Quan Pan (title: Chairman/CEO/Executive Director/Co-Founder, Chervon Holdings Ltd.). My initial thought was, why doesn’t John Deere buy EGO out right making it a division of it. I suspect the opposite will happen as John Deere has an extensive distribution...