Items Tagged with 'CNH Industrial'


CNHI’s 3Q19 Revenues Down 5%; Ag Sales Fall 7%

CNH Industrial reported third quarter consolidated revenues of $6.4 billion, a year-over-year drop of 5%. Net sales of its agricultural segment dropped 7% vs. the third quarter of 2018. The company said that industry volume deceleration coupled with an unfavorable product mix drove sales down, primarily in North America and the Rest of World regions.
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CNHI to Separate 'On-Highway' and 'Off-Highway' Assets, Acquires AgDNA

Under the ‘Transform 2 Win’ strategy, CNH Industrial will reduce operating costs and increase the efficiency of its asset base through targeted restructuring actions and other charges condensed into an efficiency program and certain other initiatives including the 80/20 simplification process, initiated in Q4 2018. Full implementation is expected by the end of 2022. Pre-tax charges associated with this efficiency program in the remainder of 2019 and through 2022 are expected to be between $450 and $500 million.
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OEM Driveline Supplier AxleTech Reacquired by Meritor

If employees at off-highway vehicle driveline components specialist AxleTech are familiar with the term Déjà vu — the feeling of having experienced the present situation before — then that is surely what they are feeling just now. Because AxleTech has just been sold for a second time by global investment firm The Carlyle Group.
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[Podcast] On The Record: Rocky Mountain Dealerships Reports Tough Second Quarter

In this week’s podcast, we look at the second quarter earnings reports for several dealers and manufacturers, including AGCO, Rocky Mountain Dealerships and CNH Industrial. In the Technology Corner, Jack Zemlicka shares how transitioning to smaller, autonomous implements will require a substantial shift for manufacturers and dealers, with cost-savings being the driving factor. We also discuss the rising Ag Economy Barometer, bringing a more optimistic perspective on farmland values and influencing decisions on large equipment. Also, in this episode, we break down the 2019 Market Facilitation Program, and we discuss the on-going battle over North Dakota’s ‘Dealers Bill of Rights’.
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