CNH INDUSTRIAL N.V. - CNHI STOCK NEWS

CNH Industrial's CASE Construction Equipment is partnering with non-profit Crew Collaborative to launch a groundbreaking career counseling and mentoring initiative called FrameWork. This program aims to address labor shortages by connecting high school students with opportunities in the construction industry. Following their recent collaboration at CONEXPO/CON-AGG, the initiative is set to undergo beta testing, with a full launch expected by Q1 2024. CASE's leadership highlights the importance of nurturing future talent to strengthen the workforce in North America's construction sector.

CNH Industrial hosted the "It's Time for Women" event in São Paulo, Brazil, focusing on female leadership and innovation in agriculture. Held at Cubo Itaú, the largest innovation hub in Latin America, the event gathered influential women to discuss their roles in Brazilian agribusiness. Carolina Brandão, Marketing Manager for Brazil, emphasized the need to empower women in agriculture. The gathering included notable speakers and CNH Industrial executives, highlighting women's contributions to innovation. The event aims to foster knowledge and training opportunities for women in rural areas.

CNH Industrial has introduced two new electrified mini excavators, the CX15EV and CX25EV, expanding its diverse lineup. These machines feature a lithium-ion battery that can be charged via on-board or external rapid chargers, achieving full charge in approximately 90 minutes. Designed for an eight-hour workday, they offer zero emissions, reduced noise, and less maintenance compared to diesel engines. The excavators include advanced operator features like a color LCD monitor, customizable controls, and three work modes. They are also equipped with SiteWatch telematics for enhanced machine performance tracking.

CNH Industrial has taken a majority stake in Bennamann, a UK firm specializing in capturing and repurposing fugitive methane emissions. This strategic investment enhances CNH's alternative fuel capabilities within the agriculture sector, positioning them as leaders in sustainable energy solutions. By integrating Bennamann's technology, CNH Industrial aims to support farms in becoming self-sufficient energy hubs, capable of generating electricity and natural fertilizers, while also potentially selling excess gas. This investment aligns with CNH's commitment to reducing CO₂ emissions and advancing a carbon-negative future in farming.

CNH Industrial (NYSE:CNHI) has acquired Augmenta to enhance its Sense & Act technology, transitioning from a minority investment to full ownership. This strategic move aims to bolster their agricultural equipment by integrating Augmenta's advanced technology, which focuses on selective spraying during crop protection. The technology promises to increase yields, improve sustainability, and reduce application costs by optimizing chemical use. Augmenta will continue to function within the Raven brand, retaining its workforce in Greece and the USA.

On March 15, 2023, CNH Industrial announced its acquisition of a majority stake in Bennamann, a UK company specializing in methane solutions. This investment aims to enhance CNH's alternative fuels portfolio, promoting energy independence in agriculture. The collaboration allows farms to capture methane emissions and convert them into usable energy and natural fertilizer. This strategic move aligns with CNH's commitment to reduce agricultural emissions, supporting its sustainability goals and expanding its role in the farming sector.