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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.
CNH Industrial N.V. (NYSE: CNHI) announced the temporary closure of several European manufacturing facilities due to ongoing procurement disruptions and semiconductor shortages. The shutdown will last no more than eight working days in October. The company is actively adjusting its production schedules to navigate the dynamic environment while maintaining strong demand for its products. CNH Industrial remains focused on optimizing its operations to effectively serve its dealers and customers.
The Iveco Group, a new entity from CNH Industrial (NYSE: CNHI), is set for spin-off in early 2022. The unveiling of its logo symbolizes this transition, showcasing its role as a holding company for eight distinct brands. The logo emphasizes stability with a sober design and signifies the Group's commitment to sustainable innovation. Key brands include IVECO, FPT Industrial, and Iveco Defence Vehicles, along with financing arm Iveco Capital, which will support new business models. This move reflects a strategic consolidation aimed at enhancing operational efficiency.
CNH Industrial N.V. (NYSE: CNHI) has successfully completed a private placement offering of CAD$ 300 million in 1.50% notes due October 1, 2024. The offering was made to accredited investors in Canada at an issue price of 99.936%. Proceeds will enhance working capital and may be used to repay existing indebtedness. The notes, which are senior unsecured obligations, will pay interest semi-annually beginning April 1, 2022, and are guaranteed by subsidiaries of CNH Industrial. The securities have not been qualified for public sale under Canadian laws.
CNH Industrial N.V. (NYSE: CNHI) announced the pricing of CAD$ 300 million in 1.50% notes due October 1, 2024, issued by its subsidiary, CNH Industrial Capital Canada Ltd. This private placement, expected to close on September 28, 2021, will have an issue price of 99.936%. The proceeds will be used for working capital, purchasing receivables, or repaying existing debt. The notes are guaranteed by several indirect subsidiaries of CNH Industrial. Interest will be paid semi-annually, starting April 1, 2022.
CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital Canada Ltd., plans a private placement of new notes for accredited investors in Canada, subject to market conditions. The notes will be guaranteed by several wholly-owned subsidiaries of CNH Industrial. Proceeds will be allocated for working capital and corporate purposes, including asset acquisitions and debt repayment. The securities are exempt from public sale qualifications in Canada and are not registered under the Securities Act, hence cannot be offered in the U.S. without registration.
The CNH Industrial Parts Logistics Centre in Sorocaba, Brazil, has achieved Bronze status in the World Class Logistics Program, marking a significant milestone as the first site in the company's global network to receive this accolade.
Scoring 50 points, the center excelled in cost, quality, productivity, and safety, with top ratings in Personnel and Cost Development, Project Presentation, and Supply Chain Interaction. Opened in 2010, this modern facility spans 66,000 m² and houses 20 million items, supporting various brand operations while adhering to sustainability standards.
CNH Industrial N.V. (NYSE: CNHI) has partnered with the 5G Open Innovation Lab as the first industry partner focused on precision agriculture. This collaboration will allow CNHI to work with innovative startups on 5G technologies that enhance agricultural productivity. CEO Scott Wine emphasized the commitment to advancing precision farming through new connected technologies, aimed at unlocking better yields and reducing costs. The lab provides a platform for developing digital farming solutions, underscoring CNHI's strategic focus on integrating advanced technologies in agriculture.
On September 15, 2021, Raven Industries (NASDAQ:RAVN) announced a decisive shareholder vote approving its pending transaction with CNH Industrial (NYSE:CNHI). Over 71% of Raven's outstanding shares participated, with 99% supporting the merger. The transaction is anticipated to close in Q4 2021, pending regulatory approvals from the Committee on Foreign Investment in the United States (CFIUS) and the Defense Counterintelligence and Security Agency (DCSA). J.P. Morgan Securities LLC and Davis Polk & Wardwell LLP acted as financial and legal advisors, respectively.
The opening of the Nikola Iveco Europe joint-venture facility in Ulm, Germany, marks a collaboration with Hamburg Port Authority to test heavy-duty electric vehicles and charging infrastructure at the Port of Hamburg throughout 2022. The Memorandum of Understanding entails delivering up to 25 Nikola Tre battery-electric vehicles (BEVs) in two phases, focusing on logistics operations. This initiative aligns with Hamburg's climate-friendly goals, aiming for carbon neutrality by 2050. Key stakeholders include Nikola CEO Mark Russell and CNH Industrial's Gerrit Marx.
IVECO and Nikola Corporation have signed a Memorandum of Understanding with Hamburg Port Authority to deliver up to 25 Nikola Tre battery-electric vehicles (BEVs) for the Port in 2022. The collaboration will occur in two phases, with initial testing at the port and development of charging infrastructure. This initiative aligns with Hamburg's sustainability goals and aims to set standards for zero-emission transport. Nikola CEO Mark Russell emphasized the importance of this project in the broader context of zero-emission transport solutions.
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