UAW Strike Authorization in CNH Negotiations
UAW Local 180 and 807 members passed a strike authorization earlier this month in the union’s ongoing negotiations with CNH Industrial.
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CNHI Demerges from Iveco, Invests in Sampierana
Sharholders of CNH Industrial have approved the demerger of Iveco Group business from CNH Industrial. CNH Industrial has also completed its purchase of 90 percent of the capital stock of Sampierana S.p.A.
Read moreCNHI: Rising Input Costs Will Be Offset by Price Realization
The company’s order book in agriculture more than doubled year over year for tractors, particularly in North America, and more than tripled for combines.
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CNH announces appointment of new CEO
Source: CNH Industrial N.V. – London, November 17, 2020 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces the appointment of
Read moreCNH Reports 2Q Results
Net Ag sales down 18% for Quarter Agriculture’s net sales totaled $2.5 billion in the second quarter of 2020, down
Read moreFarm Equipment Makers, Related Industries React
Deere, AGCO, CNHI, and Alamo have reacted to the pandemic by temporarily shuttering overseas operations. Domestically, there is news of layoffs and plant closures resulting from employees testing positive.
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Net Sales Fall at CNHi
Revenue for the agriculture segment at CNHi was down 7.2 percent for the quarter and 6.2 percent for the year. The company expects farmer sentiment to stabilize this year.
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RCI to Buy Ag-Bag from CNHi
RCI has signed a definitive agreement to acquire the Ag-Bag product line from CNH Industrial America. The products will be marketed under the Ag-Bag by RCI brand name.
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