GFM Network News


CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

Reading Time: 2 minutes Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close […] Read more

CNH to list truck and bus business in break-up

Reading Time: 2 minutes Milan | Reuters — Industrial vehicle maker CNH Industrial has decided to split in two and list its truck, bus and engine division in an effort to boost asset values and streamline its businesses. The plan comes just six years after CNH Industrial was created when Fiat Industrial — spun off from the Italian carmaker […] Read more


CNH begins 3D-printing spare parts

Reading Time: 2 minutes In a twist on the idea of ordering parts online, the parent firm for New Holland and Case IH is trying out the use of 3D printing to make plastic — and eventually metal — spare parts. British-based equipment manufacturing giant CNH Industrial said Monday it has already produced its first 3D-printed spare parts, making […] Read more

Michelin to buy ag track maker Camso

Reading Time: 2 minutes The Michelin Man is set to take on much more field work with a US$1.45 billion deal for Quebec off-the-road track and tire manufacturer Camso. The deal, pending regulatory approval, calls for France’s Michelin to combine its off-the-road (OTR) business with Camso in a new division. “By joining forces with Camso, Michelin will create the […] Read more


New Holland buying into tillage equipment market

Reading Time: 2 minutes U.S. ag equipment giant New Holland is set to enter the tillage equipment business and stretch out its space in the hay and forage market, with a deal for Danish manufacturer Kongskilde Industries. New Holland’s parent CNH Industrial on Monday announced it will buy Kongskilde’s agricultural “grass and soil” business from Dansk Landbrugs Grovvareselskab (DLG […] Read more

Deere challenges U.S. federal block on Precision Planting bid

Reading Time: 2 minutes Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for […] Read more


The number of registered bidders at auctions this spring held steady with previous seasons, with demand for many types of used machines staying strong.

Used farm equipment sales perk up

As sales of new equipment cool, good used machines are holding their value, and in some cases gaining ground

Reading Time: 5 minutes To put it mildly, sales of new farm equipment were terrible — even worrisome — in January and February, based on numbers tallied by the Association of Equipment Manufacturers (AEM). Purchases of four-wheel-drive tractors were down an astonishing 55 per cent compared to 2014. Worse yet, new combine sales had virtually collapsed, slipping 60.6 per […] Read more

CNH to cut, lay off staff in Saskatoon

Reading Time: < 1 minute Under pressure from “market conditions,” farm equipment giant CNH plans both job cuts and layoffs at its Flexi-Coil seeding and tillage equipment plant in Saskatoon. CNH Industrial said in a statement it will begin cutting 75 full-time positions at the plant in May. Employees were informed Monday of the coming cuts, the company said. Another […] Read more


Case IH, New Holland launch pre-owned certification

Reading Time: 2 minutes CNH’s Case IH and New Holland farm equipment divisions have launched their own Certified Pre-Owned (CPO) programs, allowing farmers in Canada and the U.S. to buy eligible used late-model combines and tractors with warranty coverage. For Case IH, the CPO program announced Friday will provide buyers with warranties and financing on pre-owned late-model Steiger and […] Read more