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.
CNH Industrial (NYSE: CNHI) begins 2022 trading as a focused agriculture and construction player following a strategic separation of its businesses. The spin-off, announced in 2019, allows for enhanced management and innovation in the sector. The company aims to grow its five core brands: Case IH, New Holland Agriculture, STEYR, CASE, and New Holland Construction. CNH Industrial plans to present its future direction at a Capital Markets Day on February 22, 2022. CEO Scott W. Wine emphasizes commitment to customer success and sustainable practices.
CNH Industrial has successfully executed the deed of demerger on December 31, 2021, leading to the formation of Iveco Group N.V. as an independent public company. The demerger will be effective on January 1, 2022, with trading of Iveco Group shares starting on Euronext Milan under the ticker IVG on January 3, 2022. Advisers for this transaction included major financial firms like Morgan Stanley and Goldman Sachs. Investors are cautioned to review the Prospectus to understand the risks associated with the shares.
On December 30, 2021, CNH Industrial (NYSE: CNHI) announced the completion of its acquisition of 90% of Sampierana S.p.A., an Italian company specializing in earthmoving machines and spare parts. Initially announced on August 30, 2021, the remaining 10% will be acquired over the next four years to facilitate a smooth management transition. This acquisition strengthens CNH Industrial's position in the capital goods sector, enhancing its product offerings and market presence.
The Iveco Group N.V. has received approval to list its common shares on Euronext Milan, with trading expected to commence on January 3, 2022. Following the demerger from CNH Industrial N.V., which will take effect on January 1, 2022, shareholders will receive one IvG share for every five CNHI shares held. The demerger aims to create a focused entity on trucks and specialty vehicles, enhancing operational efficiency. The prospectus outlines the risks associated with this investment, and interested investors are advised to review it before making any decisions.
On December 23, 2021, CNH Industrial N.V. (NYSE: CNHI) announced shareholder approval for the demerger of Iveco Group from CNH Industrial, with over 99% in favor. The demerger is expected to complete on December 31, 2021, with an effective date of January 1, 2022. Shareholders are entitled to one share of Iveco Group for every five CNH Industrial shares held as of January 4, 2022. Additionally, two new non-executive directors were appointed during the meeting. This announcement serves as an advertisement and is not a prospectus for the public offering of shares.
CNH Industrial announced the sixth iteration of its IVECO Solidarity Cargo initiative, which supports communities in Brazil affected by the pandemic. This year's focus is on the town of Cantanhede, where donations include sewing machines, toys, and educational equipment for schools. The project, active since 2015, targets areas with low Human Development Index ratings, aiming to uplift those in social vulnerability. Through such efforts, CNH Industrial and IVECO strive to bring hope and joy to communities during the holiday season.
CNH Industrial’s brands New Holland Agriculture and FPT Industrial are collaborating with Fontanafredda vineyard in Italy to produce the world’s first zero-emission Barolo wine. This innovative effort utilizes a biomethane-powered tractor, enhancing sustainable viticulture practices. The tractor, based on the New Holland crawler design, runs on natural gas generated from agricultural waste, promoting a circular economy. This partnership signifies a step toward decarbonizing agriculture, as Fontanafredda aims for a completely emissions-free wine production process.
Iveco Group N.V. plans to list its common shares on Euronext Milan following a statutory demerger from CNH Industrial N.V. The admission is set for January 3, 2022, and the Netherlands Authority for the Financial Markets has approved the necessary prospectus supplement. This listing is part of a broader strategy to separate business segments and enhance focus on commercial vehicles and powertrain services. Potential investors are advised to consult the prospectus for detailed risk and reward assessments before investing.
CNH Industrial (NYSE: CNHI) announced the appointment of Alessandra Ramorino as the Chief Internal Audit Officer for the Iveco Group, effective April 1, 2022. Ramorino, with nearly 30 years at Brembo, replaces Federico Castino, who served as interim Head of Internal Audit. She is expected to enhance internal auditing processes, ensuring the company's financial and operational practices meet high standards. Ramorino is an experienced auditor with a strong background in corporate governance, having previously held leadership roles in financial oversight.
CNH Industrial (NYSE: CNHI) and Plus have partnered to launch a pilot project in Europe and China, focusing on the integration of autonomous driving technology with IVECO's S-WAY trucks. This trial will assess Plus's advanced technology in various driving conditions, combining driver-in solutions and Level 4 autonomy. The partnership aims to enhance truck productivity and reduce operational costs through comprehensive testing. Both companies emphasize the importance of safety, performance, and sustainability in this technological advancement.