Business
US-COMPUTERS-INTERNET-TECHNOLOGY-CES
An attendee climbs into an autonomous tractor at John Deere’s booth during CES on Jan. 7, 2025 (Ian Maule/AFP via Getty Images)

John Deere wants self-driving tractors to help with America’s farmhand shortage

The 188-year-old agriculture giant is doubling down on its autonomous range.

1/8/25 7:17AM

Oh, Deere

The largest farming-equipment manufacturer in the world, John Deere, unveiled a new crop of autonomous tractors and trucks at CES 2025 earlier this week, as the heavy-machinery giant looks to capitalize on the buzz around all things self-driving.

If your immediate thought is that this sounds like a job killer... it is. John Deere has talked up its machines’ capabilities for precisely that purpose: to help alleviate some of the labor-shortage issues that farming faces, with the company’s chief technology officer, Jahmy Hindman, saying that “there is not enough available and skilled labor” to do the kind of agricultural and construction work that its customers do.

Though John Deere introduced its first fully autonomous tractor three years ago, the latest suite — which includes a couple of tractors, a lawnmower for commercial landscaping, and a driverless dump truck — comes plowing into a world where attitudes toward self-driving vehicles have softened.

Whether John Deere’s goal for fully autonomous farming by 2030 — outlined in a September blog post from Nvidia (we know: AI royalty Nvidia proudly touting its collaboration with a lowly multibillion-dollar minnow like JD rather than the other way around? Who’d have thought it?) — comes to fruition or not, the company will hope the new fleet reinvigorates sales after a slightly fallow year.

John Deere Revenue
Sherwood News

In 2023, John Deere’s total revenues rose to a record $61.3 billion, but sales slumped some 16% in the last fiscal year as farmers tightened their purse strings and invested less into Deere-branded machinery and equipment, which accounts for as much as ~87% of the company’s revenue. Clearly, fewer farmers up and down the country fancied dropping thousands, or indeed millions, of dollars on new machines last year, with the company’s most expensive tractor, the 9RX 830, listing for $1.228 million.

Interestingly, the company aims to make 10% of its annual revenue from software subscriptions by 2030 — quite the shift for a business that’s still almost exclusively known for making things that chop, plow, mow, move, and spray.

More Business

See all Business
business

Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

business

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.