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.
Raven Industries is expanding its facilities in Arizona and South Dakota to enhance its agricultural technology capabilities. The new engineering center in Scottsdale, Arizona, will facilitate close collaboration with Arizona State University for talent acquisition and product testing. This expansion supports the integration of Raven's technologies with CNH Industrial platforms. The company aims to improve autonomous solutions in agriculture, illustrated by the recent launch of the OMNiPOWER™ 3200 system, enhancing operational efficiency for farmers.
CNH Industrial (NYSE: CNHI) has opened a new engineering center in Scottsdale, Arizona, aimed at advancing its Raven precision agriculture technology business. This facility will accelerate developments in AI, machine learning, and data science. The company also plans to invest in expanding Raven’s existing Innovation Campus in Baltic, South Dakota. Both sites will enhance engineering talent and foster innovation for Case IH and New Holland Agriculture brands. These investments align with CNH Industrial's commitment to deliver cutting-edge technology to its customers.
On March 23, 2022, CNH Industrial (NYSE: CNHI) received a ‘Lifetime Achievement Trophy’ from Flanders Investment & Trade, honoring its commitment to investment in the Flanders region. The ceremony, attended by government officials, celebrated CNH's long-standing operations and significant contributions since 1906. The Zedelgem and Antwerp facilities employ over 4,100 people and focus on R&D and manufacturing. CNH plans continued investment and recruitment to enhance its operations, contributing to regional job growth and innovation.
Summary not available.
Raven Industries has launched the OMNiPOWER™ 3200, enhancing its autonomous power platform for agriculture. The new model features a Tier 5 engine, improved hydraulics, and better serviceability, allowing farmers to operate multiple tasks autonomously. Showcased at Commodity Classic, these innovations reflect Raven's commitment to advancing farm automation and fulfilling the growing global food demand. The model is expected to drive higher adoption of their technology, making farming operations more efficient and practical.
CNH Industrial (NYSE: CNHI) has launched its new India Technology Center (ITC) in Gurugram, enhancing its R&D capabilities in digital solutions and product development. Operational since March 2021, the ITC features advanced facilities like a virtual reality lab and innovation center. With over 100 employees, the Center is set to bolster CNH's global projects by leveraging India's skilled workforce. CNH Industrial has invested significantly in India’s agricultural and construction sectors over the past decade, aiming to position the country as a technology hub.
On March 4, 2022, CNH Industrial (NYSE: CNHI) announced a $500,000 donation to support Ukrainians affected by the ongoing crisis. The donation will be deployed through NGOs providing direct assistance. Additionally, CNH Industrial will create a global fund for employee contributions, matching them dollar for dollar. CEO Scott W. Wine expressed condemnation of the violence in Ukraine and emphasized the safety of employees in the region, where CNH Industrial has 38 staff currently receiving support.
CNH Industrial (NYSE: CNHI) has filed its 2021 Annual Report on Form 20-F with the SEC and published its EU Annual Report. Both reports include consolidated financial statements and are available on the company's website. The Annual General Meeting of Shareholders is scheduled for April 13, 2022, to approve the 2021 EU Annual Report and a cash dividend proposal of €0.28 per share. If approved, shares will trade ex-dividend on April 19, 2022, with a record date of April 20, and dividends expected to be paid on May 4, 2022.
CNH Industrial has announced a share buyback program totaling up to 100 million euros, authorized by the Board of Directors, aimed at optimizing capital structure and fulfilling equity incentive plan obligations. The program will operate until October 14, 2022, and is funded through the company's liquidity. CNH Industrial currently holds 8,323,196 shares in treasury. CEO Scott W. Wine acquired 150,000 shares at an average price of $13.6881, increasing his total shareholding to 350,000 shares.
On February 25, 2022, CNH Industrial (NYSE: CNHI) received an upgrade from Moody’s Investors Service, raising its senior unsecured rating from Baa3 to Baa2. This upgrade also applies to its subsidiaries, enhancing their creditworthiness. The outlook remains stable. CNH Industrial, a global leader in equipment and services, focuses on innovation, sustainability, and productivity across its five core brands: Case IH, New Holland Agriculture, STEYR, CASE, and New Holland Construction. The company employs over 35,000 people worldwide, aiming to empower customers for a better world.