CNH INDUSTRIAL N.V. Stock Price, News & Analysis

CNH Industrial announced the unveiling of the T4 Electric Power, the industry’s first all-electric light utility tractor prototype with autonomous features, at a Tech Day in Phoenix, Arizona. Collaborating with Monarch Tractor, the development time was halved. This prototype marks an advancement in CNH's electrification strategy, following the award-winning e-Source power pack. Expected commercial production starts at the end of 2023. The tractor can reduce operating costs by up to 90% and operates quietly, promoting animal welfare.

CNH Industrial recently showcased its latest automation and autonomy solutions at the Tech Day in Phoenix, Arizona. New offerings such as the Driverless Tillage and Driver Assist Harvest Solutions aim to address productivity challenges in agriculture. These technologies enhance efficiency, reduce labor dependency, and improve user experience. The Baler Automation system for New Holland's large square balers utilizes advanced sensors for optimized operation, resulting in better bale shape and reduced fuel consumption. CNH aims to lead the future of farming through innovation and sustainable practices.

On December 9, 2022, CNH Industrial showcased the T7 Methane Power LNG pre-production tractor at its Tech Day in Phoenix, Arizona. This new prototype significantly enhances agricultural sustainability by more than doubling fuel autonomy compared to previous CNG designs. In partnership with Bennamann, the T7 aims to achieve a carbon footprint of 'better than zero,' providing new revenue opportunities for farmers through stable fuel production and organic fertilizer generation. This marks a crucial step towards the commercialization of the world's first LNG tractor.

CNH Industrial has successfully delivered 20 TT4.75 tractors to women farmers in Uganda's Soroti and Katakwi districts, enhancing local agriculture through its partnership with The Cooper Motor Corporation. The event was attended by key political figures, including Vice President Jessica Alupo, emphasizing the company's commitment to sustainable development and support for women's contributions in agriculture. The tractors were handed over to groups such as the Teso Widows Development group, which includes over 36,000 members, showcasing CNH Industrial's dedication to empowering local communities.

CNH Industrial showcased its advancements in Precision Technology during its Tech Day event on December 7-8, 2022, in Phoenix, Arizona. The company anticipates a contribution of approximately $900 million from Precision Technology components for 2022, with a projected annual growth rate of 10-15% over the next two to three years. They aim for $1 billion in net sales from these components in 2023. CNH Industrial emphasized its commitment to sustainable farming through automation, autonomy, and alternative fuel technologies, underscoring its role in enhancing operational efficiency for farmers.

CNH Industrial will stop all Construction Equipment sales in China effective December 31, 2022. In 2021, sales in this sector reached approximately $88 million. The company does not anticipate significant charges from this decision, which is part of its ongoing global turnaround plan. CNH Industrial reassures its commitment to existing CASE Construction machine customers and dealers in China, while other operations in the country will remain unaffected.

CNH Industrial N.V. (NYSE: CNHI) has appointed Richard Miller as the new Senior Vice President of Internal Audit, succeeding Carlo De Bernardi, who is retiring after 38 years with the company. Miller, who joined CNH in 1990, brings extensive experience in Internal Audit, previously serving as the Head of Internal Audit for North America. CEO Scott W. Wine praised De Bernardi's leadership and expressed confidence in Miller's ability to uphold the company’s high standards.

CNH Industrial's Raven Brand, headquartered in Sioux Falls, South Dakota, showcases its latest innovations through a behind-the-scenes video. The R&D campus highlights collaboration with customers to enhance farming technology. Director Erin Rinehart emphasizes the brand's commitment to digital agriculture and precision technology. With a focus on autonomous systems, Raven aims to advance agricultural efficiency. CNH Industrial operates globally with brands like Case IH and New Holland, focusing on innovation, sustainability, and productivity.