CNH INDUSTRIAL (CNHI) Stock News

CNH Industrial (NYSE:CNHI) has unveiled its new CSR initiative in India, titled "Unnat Kaushal Sugarcane Harvester Operator Training." In collaboration with the Krishi Vigyan Kendra in Baramati, Maharashtra, this program focuses on training 300 young sugarcane harvester operators, enhancing their skills for better equipment efficiency. The initiative aims to promote sustainable farming methods while addressing the skills gap in the agricultural workforce. The first phase will train 150 operators from Baramati, Kolhapur, Satara, and Sangli districts.

CNH Industrial emphasizes its commitment to positively impacting agriculture. The program is part of a broader effort, which last year included training 600 farmers in Haryana and Uttar Pradesh on various agricultural competencies.

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CNH Industrial has launched its second Smart Dealer in Argentina, marking its first in the Buenos Aires province. This collaboration with ¿ire Maquinarias, the brand's representative for 19 years, features a modern facility incorporating office space, training rooms, and environmentally friendly design. The dealer prioritizes sustainability, utilizing renewable energy sources like wind generators and a water recycling system. The opening event attracted over 400 attendees, including executives from New Holland in Latin America and local agricultural professionals. The goal is to create a customer-centric hub that emphasizes innovative service and personalized care.

CNH Industrial (NYSE: CNHI) will release its financial results for Q1 2023 on May 5, 2023. A live audio webcast of the results conference call is scheduled for 3:30 p.m. CEST and will be accessible via this link. For those unable to attend, a replay will be available on the corporate website for two weeks after the event. The company, known for its global brands in agriculture and construction equipment, is focused on innovation and sustainability, employing over 40,000 individuals worldwide.

CNH Industrial's New Holland Agriculture showcased its commitment to sustainability at the Farm of the Future: Net Zero in Practice event, held at Harper Adams University in the UK. The event, organized by the Royal Agricultural Society of England, focused on reducing carbon emissions in agriculture. Key highlights included a demonstration of the award-winning T6.180 Methane Power tractor, notable for being the only methane-fueled tractor on the market. Mark Howell, Global Product Manager, emphasized New Holland's role in achieving a carbon-neutral future. The event also promoted RASE's 2022 Farm of the Future report, which outlines essential changes for farmers to meet net-zero goals by 2040.

Assurant, a global business services company, has announced a partnership with CNH Industrial Capital to enhance equipment protection products for dealers in the U.S. and Canada. This collaboration aims to improve customer experience and product offerings, providing multiple insurance products such as the Purchased Protection Plan (PPP), Physical Damage Insurance (PDI), and Rental Damage Waiver (RDW). CNH Industrial will deliver an expanded PPP program in Canada. Assurant's expertise in equipment protection will complement CNH Industrial's established presence in the agricultural and construction sectors. This partnership leverages Assurant's capabilities, strengthened by its acquisition of EPG Insurance in 2020, to deliver industry-leading solutions. Overall, this initiative signifies a strategic move to enhance offerings for customers of iconic brands like Case IH and New Holland.

On April 19, 2023, CNH Industrial announced the divestiture of its business activities in Russia, totaling approximately $60 million. This decision follows the suspension of operations announced in March 2022. The divestiture will incur additional pre-tax charges of around $20 million. Historically, in 2021, CNH Industrial's Russian operations generated about $380 million, making up 2% of the company's consolidated revenue. Prior to the suspension, the company managed significant operations in Russia, employing around 200 employees. The announcement acknowledges former employees for their service during this transition.

CASE Construction Equipment announced a new leasing offer for its backhoe loader line at CONEXPO 2023. The Rock-Solid Guarantee provides a 36-month lease with a one-year full-machine warranty and powertrain protection for up to 48 months. Customers can opt to walk away after 12 months if unsatisfied. This initiative addresses the growing demand for versatile machines amidst a skilled labor shortage in North America. The featured model, CASE 580SV Construction King, is designed for material handling and comes with various attachments. The offer aims to support contractors and businesses in expanding their operational capabilities.

CNH Industrial has successfully delivered three special Case IH Steiger Quadtrac 500 tractors to Antarctica, supporting the operations of the Australian Antarctic Division (AAD). The tractors underwent modifications to adapt to the extreme conditions of their new environment. According to Jason Wood, High Horsepower Product Manager at Case IH, the performance of these machines has surpassed the expectations of AAD operators. This initiative aligns with CNH Industrial's mission to drive innovation and sustainability in its operations.

CNH Industrial, listed on NYSE:CNHI, is known for its commitment to providing advanced agricultural and construction equipment globally, with a focus on enhancing productivity and efficiency.