The U.S. Federal Trade Commission (FTC) has reached a settlement with Deere & Company, requiring the farm equipment manufacturer to provide farmers and independent repair shops with the same repair resources, including software, that are available to authorized dealers. This agreement, which lasts for 10 years and could be extended, stems from an FTC lawsuit last year alleging that Deere engaged in unfair practices that inflated repair costs for farmers. Consumer advocates, like Nathan Proctor of US PIRG, have hailed the settlement as a victory for a more 'fixable world,' granting consumers more options to repair their own equipment. AI
RANK_REASON Regulatory settlement impacting a major company's repair policies. [lever_c_demoted from significant: ic=2 ai=0.1]
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- Deere & Company
- Federal Trade Commission
- Nathan Proctor
- Public Interest Research Group
- Us Federal Trade Commission
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