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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.
IVECO, a brand of CNH Industrial (NYSE: CNHI), announced a significant order from Amazon for 1,064 IVECO S-WAY CNG trucks. This initial delivery includes 216 units, with 848 more expected in mid-2022. The trucks feature advanced FPT Industrial Cursor 13 Natural Gas engines, offering a range of 620 km. Moreover, the upcoming units will integrate IVECO Driver Pal with Alexa. This collaboration emphasizes IVECO's commitment to emissions reduction, with CNG vehicles capable of cutting CO2 emissions by up to 95% using bio-methane.
CNH Industrial has announced an Iveco Group Investor Day scheduled for November 18, 2021, in preparation for a planned spin-off in early 2022. The event will commence at 2:30 p.m. CET and will include a Q&A session, lasting two hours. Access details for live streaming are provided in the announcement, with a replay available on the Iveco Group website. This announcement is classified as an advertisement under the Prospectus Regulation and does not constitute a prospectus.
CNH Industrial N.V. has announced the publication of a Prospectus for the admission and listing of its common shares on Euronext Milan, as part of a planned separation of its Iveco Group business via a statutory demerger. The shares are expected to begin trading under the symbol IVG on January 3, 2022. The demerger record date is set for December 31, 2021, allowing existing CNH shareholders to receive shares in the new entity at a rate of one share for every five CNH shares held. The Netherlands Authority for the Financial Markets has approved the Prospectus.
CNH Industrial N.V. (NYSE: CNHI) announces the publication of the Iveco Group Prospectus in anticipation of its common shares being listed on Euronext Milan on January 3, 2022. This listing follows a demerger separating the commercial vehicles, powertrain, and financial services businesses into the newly formed Iveco Group. Shareholders will receive one Iveco Group share for every five shares of CNH Industrial they hold. An Extraordinary General Meeting is scheduled for December 23, 2021, to approve the demerger and appoint new directors.
CNH Industrial reported strong Q3 2021 results with consolidated revenues of $8.0 billion, marking a 23% increase year-over-year. The net income stood at $329 million, and adjusted diluted EPS reached $0.36, a significant rise from $0.11 in Q3 2020. Adjusted EBIT for Industrial Activities was $469 million, up 100% compared to the previous year. However, free cash flow was negative at $0.7 billion, largely due to seasonal working capital demands and supply chain disruptions. The company reported total debt of $23.7 billion and available liquidity of $13.5 billion.
CNH Industrial N.V. (NYSE: CNHI) has announced an exclusive, multi-year licensing agreement with Monarch Tractor to develop electrification technologies for low horsepower tractors. This partnership builds on CNH's minority investment in Monarch in March 2021 and aims to enhance electrification capabilities, aligning with the company's strategy to decarbonize agriculture. The agreement will utilize an agile development process, focusing on farmer input to create innovative solutions. CEO Scott Wine emphasized the collaboration's potential to strengthen CNH's position in sustainable farming.
CNH Industrial N.V. (NYSE: CNHI) has unveiled the organizational structure of the future Iveco Group, set for independent operation in early 2022 under CEO Gerrit Marx. The structure emphasizes customer-centricity and performance, with distinct Business Units for Trucks, Buses, Powertrains, Defence Vehicles, Firefighting, and Financial Services. Key leadership appointments include Luca Sra as President of Truck and Francesco Tanzi as CFO. This new structure aims to drive business goals and enhance shareholder value through clarity and accountability within the organization.
CNH Industrial (NYSE: CNHI) has announced a strategic reorganization to enhance its leadership and operational efficiency following the spin-off of Iveco Group. The new structure focuses on customer centricity, agility, and accountability, aiming to foster profitable growth in agriculture, construction, and financial services. CEO Scott Wine emphasized quick decision-making and clear accountability within the new organizational model, which integrates corporate regions and business functions to drive innovation and strategic growth.
New Holland Agriculture, part of CNH Industrial, has received the 'Sustainable Tractor of the Year 2022' award for its T6 Methane Power tractor at the EIMA Agricultural Trade Show in Bologna, Italy. This accolade highlights its innovative use of methane as a fuel, contributing to sustainable farming practices. The T6 Methane Power tractor, manufactured in Basildon, UK, supports a circular energy system by allowing farmers to generate fuel from waste, enabling economic advantages for biogas operators and supporting emissions reduction efforts.
CNH Industrial (NYSE: CNHI) announced it will release its Third Quarter 2021 financial results on November 4, 2021. A live audio webcast of the results will start at 2:30 p.m. CET and will be accessible via their corporate website. The company also invites stakeholders to an Iveco Group Presentation on November 18, 2021, followed by a non-deal road show starting November 19. Live streaming details for the investor day will be shared close to the event.
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