Latest news with #AGCO
Agriland
4 days ago
- Automotive
- Agriland
AGCO launch CORE80 engine amid confusion over power
AGCO has further extended its CORE series of engines with the introduction of the CORE80, a six-cylinder unit with a claimed output – in its initial state of tune – of 330hp and 1,680Nm of torque. This is, so far, the largest of the CORE engine family, which was designed from the outset to run on a wide variety of fuels, thus ensuring that it will be able to cope with whatever may be used as an alternative to diesel fuel going forward. AGCO invested over €1 billion in creating this engine alongside a new assembly facility at its engine plant in Finland. CORE80 performance AGCO claim that the CORE80 offers 15% more torque and 12% more power than the successful CORE75, a slightly smaller engine, yet there appears to be some confusion as to quite how much the new 8L engine produces. AGCO's Linnavuori engine plant has been home to many significant agricultural diesel developments over the years AGCO list the CORE 75 as having 250kW (340hp) while the CORE80 is stated in the description as offering. 252kW (343hp). However, elsewhere, AGCO tell us that there is a 12% increase in power with the extra half litre of displacement, which suggests that the CORE80 should have 280kW (381hp) on tap. It is hoped that AGCO might offer some clarification on this point. Brake saving This is the first engine in the CORE family to feature an engine brake integral to its Variable Geometry Turbocharger (VGT), providing 90kW of braking effort. This saves wear and tear on the mechanical braking system as well as helping prevent them overheating under load. Being designed as an off-road engine has allowed for a more robust construction, as there are not the same weight constraints as with road engines. It has fewer parts and does not require exhaust gas eecirculation as part of its stage V emission controls. Fendt is the only company within the AGCO group to be using the CORE engines at present There is also an over-the-air connection to its engine control unit, enabling remote diagnostics, easy monitoring and straightforward updates. This has the potential to improve reliability and simplify fleet management. As yet, there is no indication as where it will be seen first, although Fendt is the only AGCO marque to use the CORE series engines so far amongst the AGCO brands.
CTV News
26-05-2025
- CTV News
Ontario horse trainer suspended for buying performance-enhancing drugs
A horse trainer who lives in the Guelph, Ont. area has been handed a 10-year suspension from the Alcohol and Gaming Commission of Ontario (AGCO). In a news release Monday, the AGCO said Jeffery Gillis was part of an investigation by its Equine Drug Unit. They said it stemmed from a criminal investigation led by the Federal Bureau of Investigation (FBI). The American agency had already charged 27 horseracing trainers, veterinarians and others with various offenses related to shipping and administering of illegal performance-enhancing drugs to racehorses. The AGCO said they also had evidence Gillis bought illegal drugs from a veterinarian in the U.S. That veterinarian was later charged for his role in the manufacturing and distribution of drugs designed to evade anti-doping measures. Gillis is also facing a $40,000 fine.
Yahoo
23-05-2025
- Entertainment
- Yahoo
Night mayor makes it easier for Ottawa bars to stay open until 5 a.m.
Ottawa nightlife commissioner Matthieu Grondin is making it easier for the city's bars to temporarily extend their liquor sales until 5 a.m. In the review of Ottawa's special events bylaw, which goes before council on May 28, Grondin recommends lifting the city's requirement for an additional license for venues seeking a temporary extension of hours — when they are already properly licensed. The move will streamline the process of extending alcohol-service hours beyond Ontario's regular closing time of 2 a.m., reducing paperwork and avoiding duplicate inspections. Farid Dagher, who runs two electronic-music venues, City at Night at Bank and Slater, and Gridwrks, his new spot on Rideau Street, said it will be a big improvement over the current system. The existing bylaw, enacted in 2002, requires events where 'the principal activities include listening and dancing to music,' to obtain an All Night Dance Event license when applying to the Alcohol and Gaming Commission of Ontario for an extension. According to city staff's review of the special-event bylaws, the license was originally designed to counter the popularity of 'underground dance events commonly referred to as 'raves.'' The All Night Dance Event license calls for an extra round of inspections at the applicant's expense, a detail that Dagher said is unnecessary for a licensed venue. 'It's like you're having to get a license over an existing license to do the same thing but at a different hour,' Dagher explained, adding that he's had some amusing encounters with inspectors while applying for the All Night Dance Event license. 'They would come in and be like, 'Well, this is going to be quick because we were here not too long ago.' So we would laugh about it because it's just the process, but we always thought that somebody should challenge that,' he said. The amendment to the bylaw now recommends a letter of 'municipal significance' be attached to the AGCO application for a temporary extension, instead of the all-night dance event license. 'The letter typically indicates that the City agrees the proposed event is of municipal significance, as it benefits the greater good of the city,' wrote Valérie Bietlot, the city's manager of public policy development, in response to an email inquiry. Final approval from the AGCO is still required for the extension. What's more, the city is adopting 'a more flexible definition of municipal significance,' added Grondin, that takes into account the social, cultural, or local economic development impacts of the event. Contrary to widespread perception, there is a market in Ottawa for after-hours activity, and it includes shift workers, hospitality staff and other night owls, as well as electronic-music fans. Of course, ever since the heyday of raves, it's been traditional for electronic-music shows to run into the wee hours. As a booker, Dagher said the ability to program longer sets not only provides a unique experience for fans but also allows for a 'progression' of acts, building a vibe throughout the night. Making the paperwork easier helps prevent the rise of illegal after-hours parties, too. 'If you make it too complicated to get the permits, you may give clandestine events a reason to do it without permits,' Dagher said. 'There are spaces that are known to be doing it, and when they start selling alcohol illegally, it's no longer a safe space for the customers.' Dagher gave kudos to Grondin and his advisory Nightlife Council group for bringing the issue to the attention of city authorities during this year's review of special events bylaws. 'He's really advocating for us,' Dagher said. 'He's talked to a lot of people to try to identify what the pain points are, and he's advocating for these changes. 'It's like he's initiating a culture of change and I feel that as we start getting these changes, the politicians and policy makers will maybe have a better read on what these changes mean in terms of outcomes, and they may become more comfortable and accepting of nightlife. We're pretty happy with that.' Rick Laplante, the veteran Ottawa promoter/DJ who's a member of the volunteer Nightlife Council, said the amendment is a good example of the type of thing the council is looking to simplify. 'We're trying to make recommendations to remove a lot of this kind of red tape and redundancies that we see in some of the business-licensing bylaws that are in place, especially for dance events,' he said. 'Typically, our culture lives at night and thrives at night. And when we do have the opportunity to extend our hours, it's inclusive to a whole segment of Ottawa's population that works off hours or works at night. 'Ultimately, it's a couple of extra hours of dancing at the end of the night, but I think it goes a long way toward our shared goals of having an expanded and financially successful nightlife.' Following council approval, the amending by-law will be enacted immediately to exempt establishments and events already operating under an AGCO license from the requirements of the all-night dance event license. lsaxberg@
Ottawa Citizen
23-05-2025
- Business
- Ottawa Citizen
Night mayor makes it easier for Ottawa bars to stay open until 5 a.m.
Article content Ottawa nightlife commissioner Matthieu Grondin is making it easier for the city's bars to temporarily extend their liquor sales until 5 a.m. Article content In the review of Ottawa's special events bylaw, which goes before council on May 28, Grondin recommends lifting the city's requirement for an additional license for venues seeking a temporary extension of hours — when they are already properly licensed. Article content Article content The move will streamline the process of extending alcohol-service hours beyond Ontario's regular closing time of 2 a.m., reducing paperwork and avoiding duplicate inspections. Article content Article content The existing bylaw, enacted in 2002, requires events where 'the principal activities include listening and dancing to music,' to obtain an All Night Dance Event license when applying to the Alcohol and Gaming Commission of Ontario for an extension. Article content According to city staff's review of the special-event bylaws, the license was originally designed to counter the popularity of 'underground dance events commonly referred to as 'raves.'' Article content The All Night Dance Event license calls for an extra round of inspections at the applicant's expense, a detail that Dagher said is unnecessary for a licensed venue. Article content Article content 'It's like you're having to get a license over an existing license to do the same thing but at a different hour,' Dagher explained, adding that he's had some amusing encounters with inspectors while applying for the All Night Dance Event license. Article content 'They would come in and be like, 'Well, this is going to be quick because we were here not too long ago.' So we would laugh about it because it's just the process, but we always thought that somebody should challenge that,' he said. Article content Article content 'The letter typically indicates that the City agrees the proposed event is of municipal significance, as it benefits the greater good of the city,' wrote Valérie Bietlot, the city's manager of public policy development, in response to an email inquiry. Final approval from the AGCO is still required for the extension.
Yahoo
16-05-2025
- Business
- Yahoo
3 Small-Cap Stocks with Red Flags
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats. The downside that can come from buying these securities is precisely why we started StockStory - to isolate the long-term winners from the losers so you can invest with confidence. That said, here are three small-cap stocks to avoid and some other investments you should consider instead. Market Cap: $7.88 billion With a history that features both organic growth and acquisitions, AGCO (NYSE:AGCO) designs, manufactures, and sells agricultural machinery and related technology. Why Do We Think AGCO Will Underperform? Organic revenue growth fell short of our benchmarks over the past two years and implies it may need to improve its products, pricing, or go-to-market strategy Performance over the past five years shows its incremental sales were much less profitable, as its earnings per share fell by 46.7% annually Eroding returns on capital suggest its historical profit centers are aging AGCO's stock price of $105.71 implies a valuation ratio of 22.3x forward P/E. To fully understand why you should be careful with AGCO, check out our full research report (it's free). Market Cap: $5.45 billion A spin-off of a spin-off, Vontier (NYSE:VNT) provides electronic products and systems to the transportation, automotive, and manufacturing sectors. Why Are We Out on VNT? Organic sales performance over the past two years indicates the company may need to make strategic adjustments or rely on M&A to catalyze faster growth Free cash flow margin dropped by 14.8 percentage points over the last five years, implying the company became more capital intensive as competition picked up Waning returns on capital imply its previous profit engines are losing steam Vontier is trading at $36.83 per share, or 11.6x forward P/E. Check out our free in-depth research report to learn more about why VNT doesn't pass our bar. Market Cap: $6.26 billion Founded as a single retail store, Arrow Electronics (NYSE:ARW) provides electronic components and enterprise computing solutions to businesses globally. Why Do We Avoid ARW? Flat sales over the last five years suggest it must find different ways to grow during this cycle Falling earnings per share over the last two years has some investors worried as stock prices ultimately follow EPS over the long term Diminishing returns on capital suggest its earlier profit pools are drying up At $120.59 per share, Arrow Electronics trades at 10.3x forward P/E. Dive into our free research report to see why there are better opportunities than ARW. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
