Third quarter consolidated revenue declined 22% on lower industry demand Third quarter diluted EPS at $0.24 Results reflect continued execution of cost savings initiatives partially offsetting the market headwinds Full year 2024 guidance lowered to reflect continued weak end markets and elevated channel inventory levels Basildon, UK, Nov. 7 (Korea Bizwire) — CNH Industrial N.V. [...]
Second quarter consolidated revenue declined 16% on lower industry demand Second quarter diluted EPS at $0.34; adjusted diluted EPS at $0.38 ($0.52 in the second quarter of 2023) Results reflect continued execution of cost savings initiatives mitigating the impact of market headwinds Returned $1.2 billion to shareholders through dividends and share repurchases in the first [...]
CNH strengthens Global Leadership Team to deliver key priorities efficiently. Investor Day in early 2025. Basildon, Jul. 29 (Korea Bizwire) CNH (NYSE: CNH) announces its new Global Leadership Team (GLT), which is empowered to carry out faster and more effective delivery of its strategic priorities for profitable long-term growth globally in the Agriculture segment. The [...]
CNH NAMES GERRIT MARX AS CEO Mr. Marx returns to CNH from Iveco Group, succeeding Scott W. Wine who has decided to leave the Company having successfully overseen the delivery of the 2021 Business Plan Basildon, Apr. 21 (Korea Bizwire) — CNH Industrial N.V. (NYSE:CNHI) announces the appointment of Gerrit Marx to the role of [...]
Basildon, December 1, 2023 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on November 30, 2023, S&P Global Ratings raised its long-term issuer credit ratings on CNH Industrial N.V. and its subsidiary, CNH Industrial Capital LLC, to ‘BBB+’ from ‘BBB’. S&P Global Ratings also affirmed the ‘A-2′ short-term issuer credit [...]
London, Jan. 12 (Korea Bizwire) – Case IH and New Holland, global agricultural brands of CNH Industrial, have been awarded 2022 Good Design Awards. The Case IH Patriot® 50 series sprayer and New Holland’s Straddle Tractor Concept and TK4 Tractor received recognition. Case IH’s Patriot 50 series sprayer is designed to help farmers work more productively and efficiently. From the [...]
London, Jan. 11 (Korea Bizwire) – Case IH and New Holland, global agricultural brands of CNH Industrial, have won four 2023 ASABE AE50 awards from the American Society of Agricultural and Biological Engineers (ASABE). These prestigious awards honor the year’s 50 most innovative products and systems engineered for the food and agricultural industries. Case IH won its first [...]
London, Jan. 5 (Korea Bizwire) – “Agriculture has the word culture in it,” says Kavita Sah, Head of Corporate Social Responsibility at CNH Industrial India, in our latest installment in the Breaking New Ground webisode series. She goes on to explain how a huge cultural shift was required from local farmers who were used to burning their land to dispose of [...]
London, Dec. 9 (Korea Bizwire) – CNH Industrial has acquired a 10% minority stake in Stout Industrial Technology (Stout). The US-based startup is focused on smart implements for agriculture that are powered by Artificial Intelligence (AI). Enhancing our See & Act machine learning capabilities See & Act allows machines to carry out tasks based on sensor-detected data. Stout has demonstrated results in this [...]
London, Dec. 9 (Korea Bizwire) – CNH Industrial revealed the New Holland T4 Electric Power – the industry’s first all-electric light utility tractor prototype with autonomous features – at its Tech Day in Phoenix, Arizona, USA. A concentrated effort between our team of experts in the USA (Burr Ridge, Detroit) and Italy (Modena) was able to halve this prototype’s development time thanks to [...]