Welcome to our dedicated page for CNH INDUSTRIAL news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL stock.
CNH Industrial N.V. reports recurring developments in agricultural and construction equipment, digital agriculture and precision technology. Its news centers on global and regional brands including Case IH, New Holland, CASE, New Holland Construction Equipment, STEYR, Raven, Hemisphere, Flexi-Coil, Miller and Eurocomach, with updates on machines, implements, tractors, excavators, satellite-based positioning, autonomous systems and digital farm management through FieldOps™.
Company updates also cover quarterly and full-year results, equipment demand cycles, production planning, dealer inventory management, pricing, cost efficiencies, managed portfolio trends, product-design awards, shareholder voting matters, governance and capital-structure disclosures.
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CNH Industrial N.V. (NYSE: CNHI) has launched the first tranche of a $50 million share buyback, part of a larger $300 million buyback program announced on July 29, 2022. This initiative, funded through the company’s liquidity, aims to optimize the capital structure and fulfill obligations from existing equity incentive plans. The program is expected to run until October 12, 2023, or until the total buybacks reach $300 million. As of September 16, 2022, CNH Industrial holds 16,214,663 shares in Treasury.
The Groundbreaker Roadshow, starting on September 14 in Shakopee, Minnesota, will showcase the CASE Minotaur DL550 compact dozer loader across 52 dealer locations in the U.S. and Canada. This industry-first machine, with 29 patents and over 12,000 field hours, is designed to revolutionize equipment use. Attendees will experience its versatility and performance firsthand while engaging in giveaways. Weighing over 18,000 pounds and delivering 114 horsepower, the Minotaur DL550 is set to redefine what a compact dozer loader can achieve.
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CNH Industrial N.V. (NYSE: CNHI) announces the retirement of Brad Crews, President North America, who will step into a new role supporting agriculture initiatives alongside Derek Neilson. Crews, a 28-year veteran, has been instrumental in the company's growth and success, leading various segments in manufacturing and operations. His retirement marks a significant leadership transition as the company seeks to maintain its commitment to innovation and customer service in the agricultural sector.
On September 2, 2022, CNH Industrial N.V. (NYSE: CNHI) announced the immediate retirement of John Lanaway from its Board of Directors due to health reasons. Lanaway had served on the board since 2006, contributing over 15 years of service. His departure leads to the appointment of Karen Linehan as the new Chair of the Audit Committee. The company continues to focus on innovation and productivity through its various global and regional brands, including Case IH and New Holland Agriculture.
Case IH and Raven Industries have unveiled the agriculture industry's first autonomous spreader, the Case IH Trident™ 5550 applicator with Raven Autonomy™, at the Farm Progress Show 2022. This innovation addresses labor challenges and enhances productivity. The technology enables operators to remotely manage field operations using mobile devices, ensuring precision and safety through advanced obstacle detection. Limited availability of the Trident 5550 is expected in North America in 2023, marking a significant milestone in autonomous agricultural solutions.
New Holland Agriculture North America has upgraded its Guardian front boom sprayers (models SP310F, SP370F, SP410F) with advanced Raven precision technologies. These enhancements include IntelliSpray II nozzle technology, Slingshot telematics, and VSN Visual Guidance, improving operational efficiency and application accuracy. The new sprayers, showcased at the 2022 Farm Progress Show in Boone, Iowa, aim to optimize coverage, reduce operational costs, and enhance the operator experience. These innovations enable growers to make informed agronomic decisions, ultimately driving profitability.
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