Fiat Industrial (FI.MI), the truck and construction equipment maker, has hit a likely delay in plans for a full combination with U.S. unit CNH Global NV (CNH.N) after independent directors questioned the terms, sources familiar with the matter said.
New Holland Fiat (India) Pvt. Ltd., a majority owned subsidiary of CNH Global (Case New Holland) and part of the Fiat Group, celebrates today as the 150,000th tractor rolls off the line at its manufacturing facility in Greater Noida, near New Delhi, India
Fiat SpA (F.MI) has agreed with eight banks to refinance EUR4 billion in loans, a measure that paves the way for the company's planned split into separate automobile and heavy-equipment companies, Il Sole 24 Ore reports, without citing sources.
Italian automaker Fiat, which controls Chrysler LLC, announced Tuesday that Agnelli family heir and company vice chairman John Elkann will move up to become board chairman.
Fiat CEO Sergio Marchionne announced that the Italian company will spin off its farm and construction equipment as well as heavy truck businesses to "give birth" to a global auto company that could feasibly build 6 million cars a year by 2014.
Not only did CNH issue its first-quarter earnings report, but it also announced that it plans to spin off its farm and construction equipment as well as its heavy truck businesses.
CNH Global NV (CNH) rejected a buyout offer from parent Fiat Industrial SpA (FI) in a blow to Chairman Sergio Marchionne's plan to move the truck and tractor maker's primary listing to New York from Milan, according to a Bloomberg report.
He reaffirmed management's comments from earlier in the year that talks to purchase Fiat Industrial (FI.MI) — which would have given Daimler control over agricultural machinery maker Case-New Holland (CNH.N) — collapsed above all over the price.
In this episode of On the Record, brought to you by Associated Equipment Distributors, we look at President Trump's tariff reduction on ag equipment, the latest dealer sales forecasts, and how high input costs are keeping farmer sentiment down.
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