John Deere recalls 147,900 tractors over risk of brake loss [FOX Business Network]
Deere & Company (DE)
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Source: FOX Business Network
Farm equipment company John Deere is recalling about 147,900 compact utility tractors in the U.S. due to the risk they could lose braking and crash. The recalled John Deere 1023E, 1025R and 2025R compact utility tractors could pose a "crash hazard" to users if their front bell crank in the brake linkage experiences a failure, according to a recall alert published Thursday by the Consumer Product Safety Commission (CPSC). In the alert, it instructed affected customers not to operate their tractors until they obtain a free repair from an authorized John Deere dealer. More than 2,000 John Deere agricultural and construction and forestry equipment dealerships exist across the U.S. and Canada, according to the company. "If the consumer is not able to transport the tractor to a dealer's location, then the dealer will make arrangements to repair the unit at the consumer's residence," the CPSC recall said. Four known instances of the tractors having a brake linkage failure have occ
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DE
Earnings
- 8/15/24 - Beat
DE
Sec Filings
- 8/29/24 - Form 10-Q
- 8/16/24 - Form 4
- 8/15/24 - Form 8-K
- DE's page on the SEC website