John Deere plans to invest $20 billion in U.S. manufacturing over the next 10 years, the company recently announced.
In a June 6 news release, John Deere said that its investment price tag reaffirmed its long-term commitment to “building and growing right here at home.” The farm equipment maker rebutted rumors that it would be scaling back domestic manufacturing.
John May, chairman and CEO, stated that John Deere aims to continue investing in advanced products and solutions and manufacturing capabilities.
“Over the next decade, we will continue to make significant investments in our core U.S. market,” May said in a statement. “This underscores our dedication to innovation and growth while staying cost-competitive in a global market.”…