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CNH Industrial N.V. (symbol: CNHI) is a global leader in the capital goods sector, renowned for its extensive industrial experience and a wide array of products. The company boasts a significant presence worldwide, with each of its brands being a major international force within their specific industrial sectors. CNH Industrial's brands include:
- Case IH, New Holland Agriculture, and Steyr for tractors and agricultural machinery
- Case and New Holland Construction for earth moving equipment
- Iveco for commercial vehicles
- Iveco Bus and Helieuz Bus for buses and coaches
- Iveco Astra for quarry and construction vehicles
- Magirus for firefighting vehicles
- Iveco Defence Vehicles for defence and civil protection
- FPT Industrial for engines and transmissions
Recently, CNH Industrial has achieved notable milestones. Case IH launched the new Axial-Flow Series 160 Automation in Brazil, incorporating advanced artificial intelligence for improved productivity. New Holland celebrated 60 years of its tractor factory in Basildon, England, by unveiling a special edition tractor and reinforcing its role as the Alternative Fuels Centre of Excellence. Furthermore, CASE presented an eco-friendly compact crawler tractor and a new wheel loader version at the M&T Expo 2024, emphasizing sustainability and efficiency.
Financially, CNH Industrial is robust, continuously investing in innovations and infrastructure, which is evident in the recent R$100 million investment in the Sorocaba plant in Brazil. The company also focuses on workforce training and technological advancements to maintain its competitive edge. Partnerships with local and international entities ensure that their products are always at the forefront of technology and efficiency.
In terms of environmental sustainability, CNH Industrial has made significant strides. The company supports World Environment Day and participates in initiatives to combat land degradation, desertification, and drought. The introduction of eco-friendly machinery, like the 100% electric mini excavators and the T6.180 Methane Power tractor, highlights their commitment to sustainability.
For more detailed information about CNH Industrial and its operations, visit their corporate website at www.cnhindustrial.com. For career opportunities, check their LinkedIn profile or the careers section on their website.
Case IH, a leader in agricultural equipment, is responding to the growing global population, now over 8 billion, by enhancing farmers' productivity through innovative technology. At the recent CNH Industrial Tech Days in Phoenix, Case IH unveiled new autonomy solutions, including a Driverless Tillage Solution and a Driver Assist Harvest Solution, along with an Electric Tractor Prototype. These advancements aim to improve operational efficiency while addressing labor challenges. The company emphasizes its commitment to sustainability and productivity in agriculture.
CNH Industrial has acquired a 10% minority stake in Stout Industrial Technology, a US startup specializing in AI-powered agricultural implements. This investment aims to enhance CNH's See & Act machine learning capabilities. Stout's Smart Cultivator technology can distinguish crops from weeds, enabling simultaneous cultivation and weeding without chemicals. This partnership expands CNH’s mechanical weeding product offerings and facilitates distribution through its New Holland brand. The move supports CNH's commitment to innovation and sustainable agriculture.
CNH Industrial announced the unveiling of the T4 Electric Power, the industry’s first all-electric light utility tractor prototype with autonomous features, at a Tech Day in Phoenix, Arizona. Collaborating with Monarch Tractor, the development time was halved. This prototype marks an advancement in CNH's electrification strategy, following the award-winning e-Source power pack. Expected commercial production starts at the end of 2023. The tractor can reduce operating costs by up to 90% and operates quietly, promoting animal welfare.
CNH Industrial recently showcased its latest automation and autonomy solutions at the Tech Day in Phoenix, Arizona. New offerings such as the Driverless Tillage and Driver Assist Harvest Solutions aim to address productivity challenges in agriculture. These technologies enhance efficiency, reduce labor dependency, and improve user experience. The Baler Automation system for New Holland's large square balers utilizes advanced sensors for optimized operation, resulting in better bale shape and reduced fuel consumption. CNH aims to lead the future of farming through innovation and sustainable practices.
On December 9, 2022, CNH Industrial showcased the T7 Methane Power LNG pre-production tractor at its Tech Day in Phoenix, Arizona. This new prototype significantly enhances agricultural sustainability by more than doubling fuel autonomy compared to previous CNG designs. In partnership with Bennamann, the T7 aims to achieve a carbon footprint of 'better than zero,' providing new revenue opportunities for farmers through stable fuel production and organic fertilizer generation. This marks a crucial step towards the commercialization of the world's first LNG tractor.
CNH Industrial has successfully delivered 20 TT4.75 tractors to women farmers in Uganda's Soroti and Katakwi districts, enhancing local agriculture through its partnership with The Cooper Motor Corporation. The event was attended by key political figures, including Vice President Jessica Alupo, emphasizing the company's commitment to sustainable development and support for women's contributions in agriculture. The tractors were handed over to groups such as the Teso Widows Development group, which includes over 36,000 members, showcasing CNH Industrial's dedication to empowering local communities.
CNH Industrial showcased its advancements in Precision Technology during its Tech Day event on December 7-8, 2022, in Phoenix, Arizona. The company anticipates a contribution of approximately $900 million from Precision Technology components for 2022, with a projected annual growth rate of 10-15% over the next two to three years. They aim for $1 billion in net sales from these components in 2023. CNH Industrial emphasized its commitment to sustainable farming through automation, autonomy, and alternative fuel technologies, underscoring its role in enhancing operational efficiency for farmers.
CNH Industrial will stop all Construction Equipment sales in China effective December 31, 2022. In 2021, sales in this sector reached approximately $88 million. The company does not anticipate significant charges from this decision, which is part of its ongoing global turnaround plan. CNH Industrial reassures its commitment to existing CASE Construction machine customers and dealers in China, while other operations in the country will remain unaffected.
CNH Industrial N.V. (NYSE: CNHI) has appointed Richard Miller as the new Senior Vice President of Internal Audit, succeeding Carlo De Bernardi, who is retiring after 38 years with the company. Miller, who joined CNH in 1990, brings extensive experience in Internal Audit, previously serving as the Head of Internal Audit for North America. CEO Scott W. Wine praised De Bernardi's leadership and expressed confidence in Miller's ability to uphold the company’s high standards.
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