CNH Industrial reported first quarter consolidated revenues of $7.5 billion (up 37% compared to the first quarter 2020), net income of $425 million and adjusted EBIT of Industrial Activities of $545 million (up $693 million).
According to a report from Reuters, CNH Industrial will include its defense and special vehicle business segments in the On-Highway portion of its planned business spin-off, contrary to its original plan.
CNH Industrial has announced that it has appointed Parag Garg as Chief Digital Officer and Marc Kermisch as Chief Information Officer for Off-Highway business. This follows the appointment of Kevin Barr as Chief Human Resources Officer on March 19, 2021.
CNH Industrial announced it has completed the acquisition of a minority stake in Bennamann Ltd., a UK based, fast growing agricultural technology company in the field of clean energy. This acquisition will see CNH Industrial become Bennamann’s exclusive strategic agricultural technology partner.
CNH Industrial and Sandhills Global, following the establishment of a strategic partnership based in North America, announce the launch of an exclusive platform for dealers of CNH Industrial's CASE Construction, Case IH, and New Holland brands.
CNH Industrial announced it has completed its acquisition of a minority stake in Augmenta, an agricultural technology company, focused on automating farming operations using computer vision and artificial intelligence.
CNH Industrial announced it has completed its minority investment in Monarch Tractor, a U.S.-based agricultural technology company, which will assist in accelerating agricultural industry transformation towards autonomy and electrification.
Each monthly issue of Ag Equipment Intelligence is like getting one-on-one personal advice from the world's most trusted ag equipment industry experts. Advice that hasn't been watered down or distorted by outside influence, providing the latest and most insightful farm equipment analysis. AEI explores where the ag equipment industry is going — not just where it's been. No filler. No bias. No conflict of interest. You can access the PDF issue archive by clicking here.
Robotics and automation are far more than buzz words in agriculture, with companies engineering scalable solutions for farm fields of the future. While these technologies will be valuable tools for streamlining predictable farm tasks, automating creative troubleshooting and technical intuition — skills often associated with precision specialists — will be challenging.