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

CNH Industrial N.V. (NYSE: CNHI) announced that its subsidiary, CNH Industrial Capital Canada Ltd., plans a private placement of new notes for accredited investors in Canada, subject to market conditions. The notes will be guaranteed by several wholly-owned subsidiaries of CNH Industrial. Proceeds will be allocated for working capital and corporate purposes, including asset acquisitions and debt repayment. The securities are exempt from public sale qualifications in Canada and are not registered under the Securities Act, hence cannot be offered in the U.S. without registration.

The CNH Industrial Parts Logistics Centre in Sorocaba, Brazil, has achieved Bronze status in the World Class Logistics Program, marking a significant milestone as the first site in the company's global network to receive this accolade.

Scoring 50 points, the center excelled in cost, quality, productivity, and safety, with top ratings in Personnel and Cost Development, Project Presentation, and Supply Chain Interaction. Opened in 2010, this modern facility spans 66,000 m² and houses 20 million items, supporting various brand operations while adhering to sustainability standards.

CNH Industrial N.V. (NYSE: CNHI) has partnered with the 5G Open Innovation Lab as the first industry partner focused on precision agriculture. This collaboration will allow CNHI to work with innovative startups on 5G technologies that enhance agricultural productivity. CEO Scott Wine emphasized the commitment to advancing precision farming through new connected technologies, aimed at unlocking better yields and reducing costs. The lab provides a platform for developing digital farming solutions, underscoring CNHI's strategic focus on integrating advanced technologies in agriculture.

On September 15, 2021, Raven Industries (NASDAQ:RAVN) announced a decisive shareholder vote approving its pending transaction with CNH Industrial (NYSE:CNHI). Over 71% of Raven's outstanding shares participated, with 99% supporting the merger. The transaction is anticipated to close in Q4 2021, pending regulatory approvals from the Committee on Foreign Investment in the United States (CFIUS) and the Defense Counterintelligence and Security Agency (DCSA). J.P. Morgan Securities LLC and Davis Polk & Wardwell LLP acted as financial and legal advisors, respectively.

The opening of the Nikola Iveco Europe joint-venture facility in Ulm, Germany, marks a collaboration with Hamburg Port Authority to test heavy-duty electric vehicles and charging infrastructure at the Port of Hamburg throughout 2022. The Memorandum of Understanding entails delivering up to 25 Nikola Tre battery-electric vehicles (BEVs) in two phases, focusing on logistics operations. This initiative aligns with Hamburg's climate-friendly goals, aiming for carbon neutrality by 2050. Key stakeholders include Nikola CEO Mark Russell and CNH Industrial's Gerrit Marx.

IVECO and Nikola Corporation have signed a Memorandum of Understanding with Hamburg Port Authority to deliver up to 25 Nikola Tre battery-electric vehicles (BEVs) for the Port in 2022. The collaboration will occur in two phases, with initial testing at the port and development of charging infrastructure. This initiative aligns with Hamburg's sustainability goals and aims to set standards for zero-emission transport. Nikola CEO Mark Russell emphasized the importance of this project in the broader context of zero-emission transport solutions.

On September 15, 2021, IVECO and Nikola Corporation inaugurated a manufacturing facility in Ulm, Germany, dedicated to producing Nikola Tre electric heavy-duty trucks. This milestone was achieved on schedule, with the first models expected for delivery to select U.S. customers in 2022. The facility, spanning 50,000 square meters, aims for zero waste and is designed for electric vehicle assembly, with an anticipated production capacity of 1,000 units per shift annually. Both companies are committed to leading in zero-emission transportation solutions.

IVECO and Nikola Corporation have inaugurated a manufacturing facility in Ulm, Germany, dedicated to producing the Nikola Tre electric heavy-duty trucks. This facility, expected to begin production by the end of 2021, symbolizes a significant milestone for both companies, showcasing their commitment to sustainable transportation. The initial models will be delivered in the U.S. in 2022, while a fuel cell electric vehicle (FCEV) prototype will enter production by late 2023. With a capacity to manufacture around 1,000 units per shift annually, this site underscores a major investment aimed at advancing zero-emission transport solutions.

CNH Industrial (NYSE: CNHI) has appointed Francesco Tanzi as Chief Financial Officer of the Iveco Group, effective January 1, 2022. This follows the planned spin-off of the Iveco Group from CNH Industrial, set to commence independent operations in early 2022. Tanzi brings over 30 years of finance experience, previously serving as CFO at Pirelli for 12 years. The move aims to strengthen the leadership team as it prepares for the transition. Gerrit Marx, President of Commercial & Specialty Vehicles at CNH Industrial, expressed confidence in Tanzi's ability to drive financial success.