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Young South African motorcyclists, Deruk and Ulrich van Aswegen, sponsored by CASE Construction Equipment, a brand of CNH, are competing in National Cross Country races in South Africa. They aim for podium finishes and are proud to represent the CASE brand. CNH's support for the young athletes showcases its commitment to empowering youth in various fields.
CNH Industrial N.V. (NYSE: CNHI) announced the results of its 2024 Annual General Meeting, where shareholders re-appointed directors and approved a dividend of $0.47 per common share. The AGM also appointed Deloitte Accountants B.V. as the independent auditor for the 2025 financial year and approved the Company's 2023 financial statements. Concurrently, CNH published its 2023 Sustainability Report aligning with GRI Standards and SASB framework.
CASE Construction Equipment, a CNH brand, celebrates the achievements of women in construction through the inspiring story of Lina Marcela Gonzalez Vásquez, a Commercial Coordinator in Colombia. Despite facing challenges, women like Lina contribute significantly to the sector, fostering gender equality and enriching the industry with diverse perspectives and skills. CNH's support for women reflects a commitment to diversity and inclusion, highlighting the importance of continuous learning and professional growth.
CNH Industrial N.V. reported a 10% decline in first-quarter revenue due to lower industry demand, with diluted EPS at $0.31. The Agriculture segment's adjusted EBIT margin decreased by 200 bps year-over-year, while the Construction segment saw a 150 bps increase. Cost reduction programs are helping mitigate market impacts, and full-year guidance was adjusted to reflect lower agriculture industry projections.
CNH Industrial is changing its NYSE ticker symbol from 'CNHI' to 'CNH' on May 20, 2024. This change reflects the company's return to its original symbol and emphasizes its focus on agriculture and construction equipment and services. The company's legal entity name will remain CNH Industrial N.V. with no action required by shareholders or bondholders.
New Holland, a brand of CNH, showcased innovative sustainable products at Innovar 2024 in Latin America. The company highlighted its strong presence and commitment to the Paraguayan market. The event featured a range of equipment and digital agriculture solutions aimed at promoting sustainable practices in farming.
CNH Industrial (NYSE: CNHI) kicks off its A Sustainable Year series with a focus on AI, promoting innovation and sustainability initiatives. The company explores explainable AI through the XMANAI project in Italy, aiming to increase efficiency and productivity in manufacturing. The first story features an interview with academic expert Dr. Fabio Grandi from the University of Modena and Reggio Emilia.
Intelsat and CNH have partnered to bring smart farming satellite connectivity to remote farms in Brazil, utilizing ruggedized multi-orbit satellite terminals on CNH farm equipment. This collaboration aims to provide reliable connectivity to the millions of farms globally, especially in rural areas lacking traditional connectivity solutions. Intelsat will introduce the solution in Brazil in the third quarter of the year, catering to the significant agricultural sector of the country. The partnership highlights the importance of satellite technology in addressing complex connectivity challenges for hard-to-reach farms, with Intelsat's proven expertise and quality service.
CNH and Intelsat announced a collaboration to provide farmers with ubiquitous internet access via a ruggedized satellite communications service. Intelsat will offer multi-orbit internet access to connect CNH equipment in remote locations using satellite terminals designed for the farm environment. The service will initially launch in Brazil, with plans to expand globally. This partnership aims to enhance precision agriculture by enabling machines to connect and exchange data with farmers through the cloud.
CNH Industrial (CNH) has launched the 'I'm Breaking New Ground' series to celebrate organizations and individuals driving positive change. Alfredo Palma, Senior Design Manager at Pininfarina, is featured in the latest episode, highlighting CNH's fusion of design and innovation for sustainable solutions in winemaking. Stay tuned for more inspiring stories on CNH's YouTube Channel.
