CONTENTS

MARKET ACTIVITIES

• CNH Confirms Divestiture of Tractor Lines and Plant in Canada - Fermec Deal with Earthforce Terminated
• Further Consolidation Announced by CNH
• Caterpillar Makes Further Investments in ASV and Elephinstone Detroit Diesel Merges with Daimler Chrysler Subsidiary
• Takeuchi Introduces Larger Tracked Loader
• AGCO and Same-Deutz Fahr Enter Supply and Production Agreements
• Komatsu to Source Backhoe Loaders from Japan
• Senior Management Changes Announced at Komatsu
• Terex Sells Truck-Mounted Forklift Business
• Astec Industries Acquires Carlson Paving Products

COMPANY UPDATE

• ASV, Inc.

FINANCIAL RESULTS

Second Quarter Result

• Gehl Company
• Caterpillar, Inc.
• Strongco
• AGCO Corporation
• Terex Corporation
• CNH Global
• Detroit Diesel Corporation

TRACKING THE TRENDS

• Market Trends
• Economic Indicators