Industry News

CNH Global Suspends Sales to Iran

CNH Global N.V. supports the international efforts for a diplomatic solution of the issues relating to the relations with Iran. In this respect, CNH announces that, effective immediately, its subsidiaries will no longer carry out business activity related to products or components where the ultimate destination of such products is known to be Iran, other than to the limited extent required to fulfill already existing binding obligations
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Marchionne: Fiat to Spin Off CNH

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.
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