John Deere and Hitachi terminate joint venture agreements
John Deere today announced an agreement with Hitachi Construction Machinery to terminate the manufacturing and marketing agreements of the Deere-Hitachi joint venture. John Deere and Hitachi will enter into new license and supply agreements that will allow John Deere to continue to purchase, manufacture and distribute its current line of Deere-branded excavators in the Americas. As a result of the new agreements, the following changes will be...