A Wisconsin company that has supplied aluminum spray booms for Case IH sprayer product lines has been brought in-house. CNH Industrial, owner of the Case IH and New Holland brands, announced May 23 it has bought Specialty Enterprises, which is billed as North America’s biggest maker of aluminum spray booms for farm applications as well […] Read more
CNH buys spray boom manufacturing capacity
Specialty Enterprises has supplied Case IH with booms
Workers on strike at two U.S. CNH plants
Production of Magnum tractors, combine headers affected
Workers at two CNH Industrial manufacturing plants in the U.S. Midwest have hit the picket line after their previous contract expired without an agreed-upon replacement. United Auto Workers, whose locals 180 and 807 represent over 1,000 employees at CNH’s plants at Racine, Wisconsin and Burlington, Iowa respectively, said Monday the workers went on strike that […] Read more
CNH confident on navigating supply issues beyond first quarter
Market environment remains 'a battle'
Milan | Reuters — CNH Industrial beat first-quarter earnings expectations on Tuesday and the agricultural and construction machine maker’s CEO said he was confident the company could successfully navigate ongoing global supply chain issues. “Don’t underestimate how difficult the environment is, it’s a battle,” CEO Scott Wine told analysts after the company posted a 9.2 […] Read more
CNH sees revenues rising to 2024 on precision agriculture plans
Margin at agricultural unit seen at 14.5 to 15.5 per cent
Milan | Reuters — Italian-American vehicle maker CNH Industrial on Tuesday gave guidance for a total revenue growth of up to 24 per cent through 2024 as it presented a new business plan after spinning off its truck, bus and engine units. In a bid to focus on its higher-margin agriculture and construction machine businesses, […] Read more
CNH shareholders approve spin-off of truck maker Iveco
Milan | Reuters — Shareholders at CNH Industrial on Thursday approved the spin-off of its truck-making business Iveco Group, the company said, completing a plan launched more than two years ago to reorganize its businesses. Upon completion of the plan, CNH Industrial shareholders will receive one Iveco Group common share for every five common shares […] Read more
MacDon to make draper headers for Case IH, New Holland
Co-branded combine headers up for order next year
Canadian harvest equipment maker MacDon Industries will make draper headers for Case IH Axial-Flow and New Holland combines for the major manufacturers to sell through their own dealer networks in the new year. Case IH and New Holland, both owned by CNH, said separately Thursday they have partnership agreements in place with Winnipeg-based MacDon to […] Read more
CNH to buy Raven Industries
Heavy equipment maker to pay US$2.1 billion for precision ag firm
The parent company behind Case IH, New Holland, Flexi-Coil and Steyr farm equipment is set to absorb a significant U.S. supplier of precision ag tech to its product lines and others. CNH Industrial on Monday announced a friendly all-cash agreement to buy up all shares in Sioux Falls, South Dakota-based Raven Industries for about US$2.1 […] Read more
CNH to work with Microsoft, Accenture on ‘smart’ vehicles
Milan | Reuters — CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop “smart” and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday. The programme, part of CNH Industrial’s digital transformation plans, is expected to help the group “achieve significant revenue growth,” the […] Read more
Equipment dealer chain Rocky Mountain to go private
Publicly traded CNH dealer's top brass make offer
Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more
CNH Industrial replaces CEO, sticks with spinoff plan
Chairman Suzanne Heywood becomes interim CEO; CFO also leaving
Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close […] Read more
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