It’s an incredibly important product category for us. So both on the iron side and the technology side. You’ll see us continue to lead in. But we feel really good about where we are currently with that Magnum product and then what the team is doing to get more and more of them out to our customers.
Larry De Maria: Okay. Thank you. Good luck.
Operator: The next question is from Marta Bruska of Berenberg.
Marta Bruska: Hi, good morning. I would just ask if you could please provide a little bit more color on Europe. So with channel indicators and some of your peers rather negative for this year for the region the SG&A shows still positive or flattish volume development year-to-date. Is that due to the product mix? And if so, the broader market in Europe is rather normalizing this year with potential upcycle maybe next year can benefit from that next year or just continue to moderate performance over four years please? And then I have one more.
Oddone Incisa: Yes Marta, there’s some interruption in the line. But I would say this mixed picture in Europe as always many countries different zones and also we have Middle East and Africa in Europe. And of course, we have Ukraine, which is potentially a large market and unfortunately disrupted. And so, I would say Southern Europe was most difficult this year. And of course, we have a large presence there. So Spain, Italy, some of France, whereas Northern Europe was stronger. But we feel that we are doing a good work. We have been doing a good work with our dealers in the second quarter of this year and we feel encouraged by the results we had in particular in the month of June. I think it was at the beginning of the prepared remarks from Scott. So, we think that we will — we are really stimulating retail there and we will improve our situation significantly.
Marta Bruska: Thank you. And then moving to Financial Services and some of the more volatile regions is Brazil. Can you do anything in terms of an adjustment to help the farmers realize that investing is probably we still want to make this year?
Oddone Incisa: I think there’s somebody in the line that needs to go mute because we are hearing at least from our side we are hearing two voices together. So you were talking about Brazil, Marta and…
Marta Bruska: Yes, more into kind of how do you managing that and whether you can do something with the lease term adjustments to kind of protect a little bit and stimulate the demand at the same time.
Oddone Incisa: Well, we — as always in financial services, we act both with our dealers with wholesale financing and with our customers with what we call the retail financing. Brazil retail financing is also influenced by government subsidies. And as you know, the programs for government subsidies are becoming smaller and smaller and they get consumed pretty quickly in the year. We are extremely competitive. We offer very fast service to our customers and to our dealers and we think that we can — we had a real help in getting — in fetching those subsidies for the customers that are attractive in getting them. So, we see ourselves as a service function to our dealers and to our brands to support their sales.
Marta Bruska: Thank you. That’s helpful. Thank you, very much.
Operator: And as there are no further questions at this time that does conclude the CNH Industrial Second Quarter Earnings Conference Call. We thank you all for your participation and you may now disconnect.
