Zhu said selling and distribution expenses fell 20% sequentially, primarily due to lower shipping costs tied to reduced shipment volumes, while general and administrative expenses decreased 8% due to cost-control measures. Net interest expense rose to $39 million , up $10 million from the prior quarter, driven by a modest rise in total debt. Net foreign exchange loss was $15 million , which Zhu attributed to a weaker U.S. dollar and a stronger Chinese renminbi.CFO Xinbo Zhu said fourth-quarter revenue was $ ...

Core Insights - John Deere is expanding its U.S. manufacturing presence with the announcement of two new facilities, a distribution center in Hebron, Indiana, and an excavator factory in Kernersville, North Carolina [1][2][3] Group 1: New Facilities - The new distribution center in Hebron, Indiana, aims to enhance supply chain capabilities and is expected to create approximately 150 jobs [3][4] - The $70 million excavator factory in Kernersville, North Carolina, will produce advanced excavators for the construction market and will employ over 150 people [5][6] Group 2: Commitment to U.S. Manufacturing - John Deere's investment in these facilities is part of a broader commitment to invest $20 billion in U.S. manufacturing over the next 10 years, reflecting confidence in the future of U.S. manufacturing [7] - The Kernersville facility will be the only excavator designed, developed, and manufactured in the U.S., moving production from Japan to America [8]