It's "a move aimed at prodding Bobcat to take an active role in expanding Doosan Group's business through M&As, for which Doosan Group is willing to spend several billion dollars."
According to a report from Yonhap News Agency, Doosan Bobcat reported 1,400 compact tractors sold in the Jan.-May 2020 period, nearly half of its 3,000 tractor goal for the year.
According to a report from The Korea Times, Doosan Group has put up its share of Doosan Infracore for sale. This has been interpreted as a way for the group to maintain control of Doosan Bobcat amid financial trouble.
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