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. (NYSE: CNH) generates a steady flow of news across agriculture, construction, technology and finance. As an equipment, technology and services company, it issues updates on Ag Tech innovations, product recognition, strategic technology roadmaps and capital markets activity. Its global and regional brands, including Case IH, New Holland, CASE, STEYR, Raven and others, frequently appear in announcements tied to new technologies, awards and industry events.
Recent communications from CNH highlight agricultural technology developments that span the crop cycle, from field preparation and planting to crop protection and harvesting. The company reports on AI-driven and autonomous solutions, precision spraying systems, digital farm management via the FieldOps™ platform, and connected equipment ecosystems. News items also cover recognition from organizations such as the American Society of Agricultural and Biological Engineers and Farm Machine of the Year awards for Case IH and New Holland machines and technologies.
In addition to product and technology updates, CNH’s news includes leadership appointments, sustainability publications, and financing activities such as bond offerings and notes issued by subsidiaries like CNH Industrial Finance Europe S.A. and CNH Industrial Capital LLC. The company also provides quarterly financial results and outlook commentary, discussing segment performance in Agriculture, Construction and Financial Services, as well as factors like industry demand, tariffs and geographic sales mix.
Investors, industry professionals and equipment users can use this news stream to follow CNH’s progress on its Breaking New Ground purpose, its Road to 2030 strategy themes, and its efforts to advance innovation, sustainability and productivity in agriculture and construction. Regular updates offer insight into how CNH’s brands, technologies and financial services evolve over time.
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.
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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.
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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.