Reading Time: 2 minutes The maker of Case IH and New Holland tractors and combines is selling its business activities in Russia for about US$60 million. CNH Industrial, which employs about 200 people in Russia, announced the divestment in a release Wednesday without naming the buyer. CNH in March last year suspended all shipments and supplies to Russia and […] Read more
CNH sheds Russian business
New Holland, Case IH maker had suspended shipments last year
CNH to buy Outback Guidance’s parent firm
Case IH, New Holland maker to pay US$175 million for Hemisphere
Reading Time: 2 minutes CNH Industrial, parent of the Case IH. New Holland, Steyr and Flexi-Coil farm equipment brands, has signed a cash deal to buy satellite positioning tech firm Hemisphere GNSS, parent of the Outback Guidance aftermarket GPS, precision ag and autosteer business. CNH announced Thursday it will pay $175 million for Hemisphere, which has been owned since […] Read more
The energy transition for tractors has already begun
Hydrogen is emerging as a potential diesel fuel replacement
Reading Time: 5 minutes This fall at the annual Bauma construction machinery show in Munich, Germany, Volvo Penta, a longtime engine supplier to the industrial and marine industries, unveiled its new eight-litre, dual-fuel hydrogen engine. The company claims the use of renewable hydrogen as a fuel means its new engine will reduce CO2 emissions by up to 80 per […] Read more
CNH sees headwinds easing in 2023 after strong fourth-quarter results
Long-running strikes end at two CNH plants in U.S.
Reading Time: 2 minutes Reuters — CNH Industrial said on Thursday its 2023 net sales of industrial activities would grow by between six and 10 per cent, after the group posted stronger-than-expected results in the last quarter of 2022. The industry faced several headwinds in 2022, including a choppy supply chain and inflation, but late in the year these […] Read more
CNH workers at two U.S. plants reject proposed contract
Plants' workers on strike since May
Reading Time: 2 minutes Racine | Reuters — Members of two local unions that have been on strike since May at CNH Industrial factories in Wisconsin and Iowa on Saturday voted down a tentative labour contract, the United Auto Workers union said. The union did not disclose how many workers at the two plants rejected the four-year deal, which […] Read more
Workers on strike at two U.S. CNH plants
Production of Magnum tractors, combine headers affected
Reading Time: < 1 minute Workers at two CNH Industrial manufacturing plants in the U.S. Midwest have hit the picket line after their previous contract expired without an agreed-upon replacement. United Auto Workers, whose locals 180 and 807 represent over 1,000 employees at CNH’s plants at Racine, Wisconsin and Burlington, Iowa respectively, said Monday the workers went on strike that […] Read more
CNH confident on navigating supply issues beyond first quarter
Market environment remains 'a battle'
Reading Time: < 1 minute Milan | Reuters — CNH Industrial beat first-quarter earnings expectations on Tuesday and the agricultural and construction machine maker’s CEO said he was confident the company could successfully navigate ongoing global supply chain issues. “Don’t underestimate how difficult the environment is, it’s a battle,” CEO Scott Wine told analysts after the company posted a 9.2 […] Read more
CNH revs up its strategic plan
CNH Industrial’s new CEO sets a direction he thinks farmers will want to buy into
Reading Time: 6 minutes When a new executive takes over a major corporation, it’s no surprise that a new strategic plan gets announced within a few months. The plan becomes a road map of sorts, revealing the new boss’s objectives and vision for the future. A new broom sweeps clean, as the old proverb says, and it’s what these […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Reading Time: 2 minutes Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
CNH shareholders approve spin-off of truck maker Iveco
Reading Time: < 1 minute Milan | Reuters — Shareholders at CNH Industrial on Thursday approved the spin-off of its truck-making business Iveco Group, the company said, completing a plan launched more than two years ago to reorganize its businesses. Upon completion of the plan, CNH Industrial shareholders will receive one Iveco Group common share for every five common shares […] Read more
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