Big agricultural and construction equipment manufacturers in the American Midwest are on a mission to lure Silicon Valley tech workers who have been caught up in a wave of hiring freezes and layoffs.
Read moreCNH Industrial announced that Brad Crews, President North America, has announced his retirement.
Read moreRecord consolidated revenues of $6,082 million – Net income of $552 – Component shortages again impacted production
Read moreIn related news, CNH Industrial has entered into an exclusive, multi-year licensing agreement for electrification technologies with Monarch Tractor.
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13-OCT-2021 | London CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announced that it will temporarily close several of
Read moreThe Burlington plant will continue production of backhoes, tractor loaders and rough terrain forklifts.
Read moreFor the March-ending quarter, net sales in agricultural equipment climbed 35.4 percent.
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CNH characterized the partnership as “an important step toward further enhancing long-term sustainability, enabling the world’s farmers and agribusinesses to realize profitable zero-emission farming.”
Read moreIn North America, tractor demand was up 27 percent for tractors under 140 horsepower and 17 percent for tractors over 140 horsepower.
Read moreCNH Industrial N.V. has appointed Scott W. Wine as chief executive officer beginning Jan. 4.
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The company expects sales to fall 10 to 15 percent this year. Guidance from July project a drop as high as 20 percent.
Read moreThe company said the market was recovering more quickly than anticipated from the COVID-19 pandemic.
Read moreCNH Industrial confirmed that a number of its offices in Europe have been visited by investigators after a request by German magistrates and that it was cooperating fully with authorities.
Read moreDeere plans to lay off 42 workers in Waterloo, Iowa. The Case New Holland plant in Fargo, N.D. is laying off 35 people.
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CNH Industrial has agreed to acquire AgDNA, a farm management information systems company. In other news, the company announced it plans to split into two distinct off-highway and on-highway business segments.
Read moreacquisition will enable CNH Industrial’s customers, and those of third party agricultural machinery, to benefit from AgDNA’s single point data integration, mapping and analytical tools.
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Net sales for the agriculture division of CNH Industrial decreased. The company noted that trade tensions remain unresolved and recent weather events in North America, Australia and Northern Europe have negatively affected the industry.
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