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 May 17, 2021, CNH Industrial N.V. (NYSE: CNHI) announced plans by its subsidiary, CNH Industrial Capital LLC, to offer new notes, subject to market conditions. These notes will be guaranteed by two wholly-owned subsidiaries. The net proceeds will be utilized for general corporate purposes and debt repayment. The offering is supported by leading financial institutions acting as underwriters and is conducted under a shelf registration statement with the SEC. This move aims to strengthen CNH Industrial's financial position.
CNH Industrial has set an ambitious goal of achieving zero-waste across its manufacturing plants in Brazil. Led by Fabio Belasco, the company has implemented various initiatives, including waste-reduction programs and worm farms, to change employee mindsets about waste. As a result, six of seven plants have reached zero waste to landfill a year ahead of schedule, with 99.7% of waste recycled across South America. Additionally, the company has reduced overall waste by 15% in the past two years, reflecting its commitment to sustainability and Life Cycle Thinking.
CNH Industrial announced its 2021 first quarter results, showcasing a remarkable performance with consolidated revenues reaching $7.5 billion, a 37% increase compared to Q1 2020. Net income stood at $425 million, while adjusted diluted EPS was $0.32. Industrial Activities net cash reached $0.6 billion as of March 31, 2021. The company reported an adjusted EBIT of $545 million, driven by strong demand in Agriculture and Commercial Vehicles, marking a significant recovery from $148 million loss a year prior.
CNH Industrial N.V. (NYSE: CNHI) has appointed Parag Garg as Chief Digital Officer and Marc Kermisch as Chief Information Officer for Off Highway business, enhancing its Senior Leadership Team. This follows the earlier appointment of Kevin Barr as Chief Human Resources Officer. These appointments aim to bolster customer-centricity and strengthen CNH Industrial’s digital offerings, innovation, and IT infrastructure. Garg brings over 20 years of experience from T-Mobile and Amazon, while Kermisch has over two decades of experience from OptumRx. Barr joined from Terex Corporation, bringing extensive HR expertise.
CNHI (NYSE: CNHI) will announce its Q1 2021 financial results on May 5, 2021, with a live conference call starting at 3:30 p.m. CEST. Investors can access the webcast via this link. A replay will be available for two weeks after the event on the company's website. CNHI is a global leader in the capital goods sector, offering a range of products across various brands including Case IH and Iveco. More information is accessible at www.cnhindustrial.com.
On April 17, 2021, CNH Industrial announced the termination of discussions with FAW Jiefang regarding its On-Highway business. The company is proceeding with plans for a spin-off of these operations in early 2022. CNH Industrial aims to enhance its On-Highway business by focusing on sustainable transport solutions and aligning with the EU's Green Deal objectives. The company is recognized as a global leader in capital goods, operating through various brands in sectors such as agriculture, construction, and commercial vehicles.
Nikola Corporation (NASDAQ: NKLA) has partnered with IVECO and OGE to enhance hydrogen infrastructure in Germany. The collaboration aims to establish a pipeline network for hydrogen distribution to fueling stations supporting fuel-cell electric vehicles (FCEVs). This initiative seeks to innovate the hydrogen economy and meet European transportation needs. Nikola's President of Energy, Pablo Koziner, emphasized the long-term advantages of this partnership in promoting FCEV technologies, while OGE confirmed its commitment to building necessary infrastructure.
IVECO, a brand of CNH Industrial N.V. (NYSE: CNHI), has signed a Memorandum of Understanding with Plus, an autonomous trucking company, to develop autonomous trucks. The collaboration aims to integrate IVECO's S-WAY truck with PlusDrive's autonomous driving system, utilizing IVECO's LNG engine. This partnership is focused on creating sustainable, fuel-efficient, and safe self-driving trucks for large-scale deployment. IVECO has over 20 years of experience in eco-friendly technologies, positioning it as a leader in this market.
