JCB’s world beating range of backhoe loaders today moves further ahead of the competition with the unveiling of a new generation of machines which offer customers more versatility, productivity, cost efficiency and comfort.

Manitou announced today that its subsidiary Gehl Company sold $36 million of existing finance contracts receivables to a third party lender. The proceeds of this transaction were used to repay in full Gehl’s existing securitization program ($19.5 million) and reduce the principal amount outstanding under the Revolving Tranche of Gehl’s Credit Facility to $20 million. This comes after Gehl reimbursed in full the Term Loan portion of its Credit Facility earlier in March.

Laverda closes its 2009 balance sheet with an appreciable result, despite the decrease of the demand from all the markets that characterized last year. The well-known company from Breganze (Vicenza) marketed 742 combine harvesters in 2009.

Fiber-reinforced composites are gaining ground in the global market: Wherever goods are on the move, these composites are setting trends in lightweight design for the future. With their low weight, excellent stability and long service life, GRP sheets have become a sought-after construction element in all areas of the transport industry. Every day, around the world, environmentally friendly and energy-efficient mobility is made feasible by this material. Trucks, commercial vehicles, vending trailers, recreational vehicles, freight containers: the scope of new and existing applications for our high-performance composites is constantly increasing.

Turkey’s first tractor manufacturer Erkunt Tractor Industry Inc. continues to expand its sales and service network internationally under the brand name ArmaTrac.