Welcome to our dedicated page for CNH INDUSTRIAL N.V. news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL N.V. stock.
CNH Industrial N.V. (CNHI) is a global capital goods leader driving innovation in agriculture machinery, construction equipment, and sustainable powertrain solutions. This news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Monitor critical updates including quarterly earnings reports, product launches, sustainability initiatives, and partnership announcements. Our repository ensures timely access to filings, operational milestones, and leadership changes impacting CNHI's global markets.
Key coverage areas include precision farming technologies, construction equipment innovations, alternative fuel powertrains, and corporate responsibility programs. Track developments across CNHI's brand ecosystem, including Case IH, New Holland Agriculture, and Iveco commercial vehicles.
Bookmark this page for streamlined tracking of CNH Industrial's market position, technological advancements, and regulatory filings. Combine strategic insights with operational updates to inform your analysis of this industrial equipment leader.
On July 1, 2021, CNH Industrial N.V. (NYSE: CNHI) announced the appointments of Scott Moran as Chief Business System Officer and Kelly Tolbert as Chief Diversity & Inclusion, Sustainability and Transformation Officer. These leadership changes aim to enhance customer focus and commitment to diversity, inclusion, and sustainability. Moran, with over 30 years of experience in quality and operations, will lead a new Business System initiative. Tolbert brings expertise in talent management and organizational design, promising to shape CNH Industrial's diversity strategy and overall agility.
CNH Industrial N.V. (NYSE: CNHI) announced leadership changes in its Firefighting Business Unit, effective July 1, 2021. Thomas Hilse will succeed Marc Diening as CEO of Magirus, which forms part of the new On-Highway business expected to operate separately from CNH Industrial in early 2022. Hilse brings 25 years of industry experience, having previously served as IVECO Brand President since late 2019. Gerrit Marx, designated CEO of the On-Highway business, expressed confidence in Hilse's leadership and appreciation for Diening's contributions over his five-year tenure.
CNH Industrial N.V. (NYSE: CNHI) announced its agreement to acquire 100% of Raven Industries, Inc. (NASDAQ: RAVN) at $58 per share, totaling an enterprise value of approximately $2.1 billion. This represents a 33.6% premium over Raven's recent stock price. The transaction, funded by CNH's cash reserves, aims to enhance CNH's position in precision agriculture. Expected to close in Q4 2021, the acquisition is projected to generate $400 million in revenue synergies and $150 million in incremental EBITDA by 2025.
CNH Industrial has announced an agreement to acquire Raven Industries for $58 per share, totaling $2.1 billion in enterprise value, reflecting a 33.6% premium over Raven's recent stock price. The deal aims to enhance CNH's position in the precision agriculture sector and is expected to close in Q4 2021 pending regulatory and shareholder approvals. The acquisition is set to generate approximately $400 million in annual revenue synergies by 2025, translating to an additional $150 million in EBITDA. The transaction will be financed using CNH Industrial's cash reserves.
CNH Industrial and Nikola Corporation have partnered to develop zero-emission heavy-duty trucks, leveraging both battery and hydrogen fuel-cell technologies. This collaboration, which began in late 2019, aims to significantly reduce carbon emissions in North America and Europe. Prototypes of the Nikola Tre battery-electric vehicle have already been built, and testing is underway. The partnership emphasizes a commitment to a cleaner future, showcasing innovative designs and advanced engineering efforts.
CNH Industrial N.V. (NYSE: CNHI) announced the appointment of Gerrit Marx as the Chief Executive Officer of its forthcoming On-Highway business, set for independent operations in early 2022. The new entity encompasses various brands including IVECO, IVECO BUS, and Magirus. Gerrit Marx, who joined CNH Industrial in 2019, brings over 20 years of automotive experience from companies like Daimler and Bain Capital. The board expresses confidence in his leadership abilities to advance the new segment.
CNH Industrial N.V. (NYSE: CNHI) announced the completion of a $600 million offering of 1.450% notes due 2026. The notes were issued at an issue price of 99.208%, with net proceeds of approximately $592 million to be used for general corporate purposes, including working capital and debt repayment. The offering, managed by several financial institutions, is secured by senior unsecured obligations of CNH Industrial Capital LLC.
CNH Industrial has released its 2020 Sustainability Report companion guide, titled A Sustainable Year. This year marks its first interactive online magazine format. The report highlights CNH's commitment to sustainability amid pandemic challenges, showcasing initiatives from employee safeguarding to community support. It also covers significant achievements in carbon emission reduction, digitalization in operations, and diversity promotion. The interactive edition is available online, providing an engaging overview of CNH's sustainability efforts and strategic targets.
On May 17, 2021, CNH Industrial (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital LLC, priced $600 million in 1.450% notes due 2026. The offering, set to close on May 24, 2021, will fund general corporate purposes and potentially repay existing debts. Interest on these senior unsecured notes will be paid semi-annually, starting January 15, 2022, and they will mature on July 15, 2026. The notes are guaranteed by two subsidiaries and are part of a shelf registration statement filed with the SEC.
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