Impact of COVID-19 on AGCO

by Mar 23, 2020

As a response to the uncertainty created by Covid-19 in terms of both magnitude of its impacts and the time duration, the company is withdrawing its sales and earnings. Moreover, the pandemic has caused a significant decrease in production and suspension in certain European facilities mostly due to restraint in the European supply chain and material shortages. The company also expects a decline in production in other regions over time. Link to the news: