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Articles Tagged with ''CNH Industrial''

Mühlhäuser Resigns as CEO of CNH Industrial; Heywood Named as Acting CEO

March 23, 2020 | Posted in Manufacturer News

The Board of CNH Industrial N.V. reached a unanimous decision and accepted the resignation of Hubertus Mühlhäuser as chief executive officer, who has left the Group with immediate effect. The Board thanked Mühlhäuser for his dedicated leadership, service and numerous contributions during his tenure.

Deere, CNHI Announce Measures to Minimize Impact of COVID-19 and a ‘Bigger Picture’ View of Its Economic Impacts

March 12, 2020 | Posted in Manufacturer & Dealer Issues

Ag equipment manufacturers are taking steps to combat the spread of the coronavirus, officially referred to as COVID-19. Deere & Co., CNH Industrial, Alamo Group and others have all commented on planned actions and expected impacts as a result of the spread of the virus.

RCI Acquires Ag-Bag from CNH Industrial

November 26, 2019 | Posted in Manufacturer News

RCI has signed a definitive agreement to acquire the Ag-Bag product line from CNH Industrial America. Ag-Bag, based in St. Nazianz, Wis., is one of the largest manufacturers ag-bagging equipment for forages and other agricultural commodities.

CNHI’s 3Q19 Revenues Down 5%; Ag Sales Fall 7%

November 6, 2019 | Posted in Manufacturer News

CNH Industrial reported third quarter consolidated revenues of $6.4 billion, a year-over-year drop of 5%. Net sales of its agricultural segment dropped 7% vs. the third quarter of 2018.

CNH Industrial Acquires ATI Track Systems

November 5, 2019 | Posted in Manufacturer News

CNH Industrial N.V. (NYSE: CNHI/MI: CNHI) has announced its agreement to acquire ATI Inc., a global manufacturer of rubber track systems for high horsepower tractors and combines.

John Deere, Claas, CNH Industrial and 365FarmNet Form ‘DataConnect’

November 5, 2019 | Posted in Manufacturer News

DataConnect is the first direct, manufacturer-independent solution that enables the seamless, automatic and real-time exchange of machine data between the various machine brand platforms, including John Deere, Claas, CNH Industrial and 356FarmNet as part of the initiative.

CNH Industrial to Separate 'On-Highway' and 'Off-Highway' Assets

September 3, 2019 | Posted in Manufacturer News

Under the ‘Transform 2 Win’ strategy, CNH Industrial will reduce operating costs and increase the efficiency of its asset base through targeted restructuring actions and other charges condensed into an efficiency program and certain other initiatives including the 80/20 simplification process, initiated in 4Q 2018.

CNH Industrial Acquires AgDNA

September 3, 2019 | Posted in Manufacturer News

This acquisition 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.

CNHI’s Consolidated Revenues Fall 6%; 2Q19 Ag Net Sales Down 7%

August 1, 2019 | Posted in Operations & Finance, Manufacturer News

Net income was $91 million in the second quarter of 2019, a decrease of $11 million compared to the second quarter of 2018 primarily attributable to pricing and the one-time credit loss provision releases incurred in 2018.

AEM Elects New Holland Leader to Ag Sector Board

May 21, 2019 | Posted in Manufacturer News

The Association of Equipment Manufacturers (AEM) has elected Brett Davis, Brand Leader, New Holland North America of CNH Industrial LLC, to the AEM Ag Sector Board.

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