Deere Announces $20 Billion Pledge

During a second quarter call with investors, John Deere Chairman/CEO John May said the company will invest $20 billion in the U.S. over the next decade. Major projects include new assembly lines for the 9RX tractor in Waterloo, Iowa, a 120,000-square-foot expansion of the Deere remanufacturing facility in Missouri and the construction of a new excavator factory in North Carolina.