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A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)
Crops, Markets

CNH sees revenues rising to 2024 on precision agriculture plans

Margin at agricultural unit seen at 14.5 to 15.5 per cent

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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,
Iveco’s products include the Stralis XP truck for the long-distance haulage market. (Iveco.com)
Crops

CNH shareholders approve spin-off of truck maker Iveco

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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
A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)
Crops

CNH buys software house NX9 to bolster ag business

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Milan | Reuters — CNH Industrial has bought software engineering firm NX9, it said on Thursday, in a further step to boost digital innovation in its agricultural division as it prepares to spin off its truck, bus and engine operations. U.S.-based NX9 is a small software house specializing in so-called ‘ISOBUS’ technology for agricultural equipment,
File photo from CNH-owned FPT Industrial’s Bourbon-Lancy engine manufacturing plant in eastern France. (Photo courtesy CNH Industrial)
Crops

CNH to temporarily shut several plants in Europe

Eight-day shutdown due to supply disruptions

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Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working
Two Raven OMNiPower (formerly DOT) machines at work in the field. (RavenPrecision.com)
Crops

CNH to buy Raven Industries

Heavy equipment maker to pay US$2.1 billion for precision ag firm

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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
A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)
Crops

CNH to work with Microsoft, Accenture on ‘smart’ vehicles

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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
File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)
Crops

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

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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
Suzanne Heywood. (CNHIndustrial.com)
Crops

CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

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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
An Iveco Trakker off-road transport. (Iveco.com)
Other

CNH to list truck and bus business in break-up

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Milan | Reuters — Industrial vehicle maker CNH Industrial has decided to split in two and list its truck, bus and engine division in an effort to boost asset values and streamline its businesses. The plan comes just six years after CNH Industrial was created when Fiat Industrial — spun off from the Italian carmaker
(CNHIndustrial.com)
Crops

CNH begins 3D-printing spare parts

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In a twist on the idea of ordering parts online, the parent firm for New Holland and Case IH is trying out the use of 3D printing to make plastic — and eventually metal — spare parts. British-based equipment manufacturing giant CNH Industrial said Monday it has already produced its first 3D-printed spare parts, making

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