Welcome to our dedicated page for CNH INDUSTRIAL N.V. news (Ticker: CNHI), a resource for investors and traders seeking the latest updates and insights on CNH INDUSTRIAL N.V. stock.
CNH Industrial N.V. (CNHI) is a global capital goods leader driving innovation in agriculture machinery, construction equipment, and sustainable powertrain solutions. This news hub provides investors and industry professionals with centralized access to official announcements, financial disclosures, and strategic developments.
Monitor critical updates including quarterly earnings reports, product launches, sustainability initiatives, and partnership announcements. Our repository ensures timely access to filings, operational milestones, and leadership changes impacting CNHI's global markets.
Key coverage areas include precision farming technologies, construction equipment innovations, alternative fuel powertrains, and corporate responsibility programs. Track developments across CNHI's brand ecosystem, including Case IH, New Holland Agriculture, and Iveco commercial vehicles.
Bookmark this page for streamlined tracking of CNH Industrial's market position, technological advancements, and regulatory filings. Combine strategic insights with operational updates to inform your analysis of this industrial equipment leader.
CNH Industrial N.V. (NYSE: CNHI) has announced the acquisition of 90% of Sampierana S.p.A. for €101.8 million, aiming to boost its construction segment capabilities and market presence. The deal allows CNH to fully control Sampierana within four years. This acquisition will enhance CNH's product offerings, particularly in mini and midi excavators, supporting its growth strategy in high-demand markets. The closing is expected in Q4 2021, pending customary conditions.
IVECO BUS has secured a significant order for 180 electric buses from Île-de-France Mobilités and RATP, enhancing its commitment to environmentally friendly public transport. This follows the 247 electric buses already in operation, making IVECO BUS the primary supplier for RATP. The buses will support the Bus 2025 plan by improving air quality and reducing greenhouse gas emissions. They feature various charging options and are produced at HEULIEZ's electromobility center in France, underscoring CNH Industrial's investment in alternative fuel vehicles.
CNH Industrial reported robust second quarter 2021 results with consolidated revenues of $8.9 billion, marking a 60% increase year-over-year. Net income reached $699 million, and adjusted diluted EPS was $0.42. The company achieved $1.0 billion in free cash flow, reflecting strong operating performance. Net sales of Industrial Activities hit $8,490 million, up 65%. All segments showed positive growth, with notable performance in Agriculture at a 14.7% adjusted EBIT margin. Available liquidity stood at $14.4 billion as of June 30, 2021.
CNH Industrial has announced that its FPT Industrial engine manufacturing facility in Bourbon-Lancy, France, achieved Gold Level designation in the World Class Manufacturing (WCM) program. This recognition makes it the third CNH Industrial site to receive this accolade, following plants in Spain. The Bourbon-Lancy factory specializes in the Cursor engine series with a capacity of 80,000 engines per year, while emphasizing sustainability in its operations. The WCM program aims for continuous improvement and waste elimination across manufacturing processes.
CNH Industrial (NYSE: CNHI) honored the 2021 winners of the Sergio Marchionne Student Achievement Awards in North America, celebrating academic excellence among children of employees. The program has recognized over 40,000 students since its inception in 1996. The 17 winners, selected for outstanding academics and community contributions, were congratulated in a virtual ceremony by Chair Suzanne Heywood and CEO Scott Wine. CNH Industrial operates 12 manufacturing plants and 12 R&D centers in North America, producing a diverse range of vehicles and capital goods.
CNH Industrial (NYSE: CNHI) will announce its financial results for the Second Quarter of 2021 on July 30, 2021. The company will host a live audio webcast at 3:30 p.m. CEST, allowing investors to access the latest financial insights. A replay will be available for two weeks post-call. CNH Industrial is known for its leadership in capital goods, offering a diverse range of products across various industrial sectors. For more details, visit www.cnhindustrial.com.
On July 15, 2021, the CNH Industrial Foundation announced a significant US$250,000 grant to Team Rubicon, aimed at supporting its Ready Reserve fund for disaster response operations. This grant marks the largest single contribution made by the Foundation to Team Rubicon, a veteran-led non-profit that provides emergency response teams globally. The partnership emphasizes the Foundation's commitment to community empowerment and disaster relief, with many CNH Industrial employees actively volunteering with Team Rubicon to further assist communities in need.
CNH Industrial N.V. (NYSE: CNHI) announces the appointment of Domenico Nucera as head of the Bus Business Unit, effective October 1, 2021, succeeding Sylvain Blaise. Nucera brings over 20 years of experience in the automotive sector, having held various roles, including Head of Quality and Product Support for Powertrain. Gerrit Marx, the designated CEO of the new On-Highway business, praised Nucera's qualifications and customer service focus. Blaise will continue to play a significant role in France, a key market for CNH Industrial.
CNH Industrial (NYSE: CNHI) announces key leadership appointments ahead of the spin-off of its On-Highway business, effective October 1, 2021. Annalisa Stupenengo will lead global Operations, overseeing manufacturing, quality, logistics, and purchasing. With significant experience from CNH Industrial and Fiat Chrysler, she moves from her role as President Powertrain. Sylvain Blaise, with 20 years in the Group, will head the Powertrain Business Unit, having previously driven the success of the Bus Business Unit. These changes aim to strengthen leadership during the upcoming transition.
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