John Deere Abandoning America

All about stock prices.

 

Nothing runs like a Deere...on its way to Mexico.

 

Just a nitpick, but thread title should say "U.S." not "America."

 

I’ll preface that you are the butt end of this, but I hear this all the time, and when I hear this it usually tells me that people who say it don’t know how business works. Accountants aren’t making decisions. Accountants mostly create internal and external reporting. To some degree they may or may not be involved in a budgeting exercise but that is mostly a finance department. But those departments take direction from operating and upper management. To the extent these decisions are made, they are a result of pressure to meet earnings expectations from investors and Wall Street.

Whether these decisions are good or bad can be debated, but it isn’t accountants who are driving this particular bus.

 

Is this really abandonment?
JD has like 83k employees, more than half of them are in North America, and they are laying off 600. This still leaves them with more employees than they had in 2022. They have almost 80 manufacturing and distribution facilities all over the world, but a huge majority are still in the states.

This is a drop in their bucket and hardly a sign of "abandonment". They have been a global company for decades now.

 

Why you coming in here with logic? WTF Man!

side note, parts interchangeability and resale of Cat excavators made in, cough, different locations can be eye opening.