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CNH Industrial

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Article Genealogy
Parent: Caterpillar Inc. Hop 3
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CNH Industrial
NameCNH Industrial
TypePublic
Traded asNYSE: CNHI, BIT: CNHI
IndustryHeavy equipment, Agricultural machinery
Founded2013
FounderSergio Marchionne
HeadquartersLondon, United Kingdom
Key peopleSuzanne Heywood, Scott Wine

CNH Industrial is a multinational corporation that designs, produces, and sells agricultural machinery, construction equipment, commercial vehicles, and powertrains. The company was formed in 2013 through the merger of Fiat Industrial and CNH Global, and is listed on the New York Stock Exchange and the Borsa Italiana. CNH Industrial operates through several brands, including Case IH, New Holland Agriculture, Case Construction Equipment, and Iveco Bus. The company's products are used in various industries, such as agriculture, construction, and transportation, and are sold in over 180 countries worldwide, including Europe, North America, South America, Asia, and Africa.

History

The history of CNH Industrial dates back to the early 20th century, when Fiat was founded in Italy by Giovanni Agnelli. Over the years, the company expanded its operations through acquisitions and partnerships, including the purchase of Allis-Chalmers and Steiger Tractor. In the 1990s, Fiat acquired New Holland and Case Corporation, and formed CNH Global as a subsidiary. In 2013, Fiat Industrial merged with CNH Global to form CNH Industrial, with Sergio Marchionne as its first CEO. The company has since expanded its operations through acquisitions, such as the purchase of Miller St. Nazianz and Kobelco Construction Machinery. CNH Industrial has also partnered with other companies, including Microsoft, Accenture, and Daimler AG, to develop new technologies and products.

Products

CNH Industrial offers a wide range of products, including tractors, combine harvesters, balers, and planters under the Case IH and New Holland Agriculture brands. The company also produces excavators, wheel loaders, and skid-steer loaders under the Case Construction Equipment brand, and buses and coaches under the Iveco Bus brand. Additionally, CNH Industrial manufactures powertrains and transmissions for various applications, including agricultural machinery, construction equipment, and commercial vehicles. The company's products are designed to meet the needs of various industries, including agriculture, construction, and transportation, and are sold in over 180 countries worldwide, including Europe, North America, South America, Asia, and Africa, through a network of dealers and distributors, including Ritchie Bros. Auctioneers and Caterpillar Inc..

Operations

CNH Industrial operates a global network of manufacturing facilities, research and development centers, and distribution centers. The company has operations in over 180 countries worldwide, including Europe, North America, South America, Asia, and Africa. CNH Industrial's manufacturing facilities are located in countries such as Italy, United States, Brazil, China, and India, and produce a wide range of products, including tractors, combine harvesters, and excavators. The company also has research and development centers in countries such as United States, Italy, and China, where it develops new technologies and products, such as autonomous vehicles and electric powertrains. CNH Industrial's distribution centers are located in countries such as United States, Germany, and China, and provide logistics and support services to the company's customers, including John Deere, Caterpillar Inc., and Kubota.

Financials

CNH Industrial is a publicly traded company listed on the New York Stock Exchange and the Borsa Italiana. The company's financial performance is influenced by various factors, including the demand for agricultural machinery, construction equipment, and commercial vehicles, as well as the prices of raw materials such as steel and copper. In recent years, CNH Industrial has reported revenues of over $30 billion, with net income of over $1 billion. The company's financial performance is also influenced by its partnerships and collaborations with other companies, such as Microsoft, Accenture, and Daimler AG. CNH Industrial's financial reports are audited by PricewaterhouseCoopers and are available on the company's website, as well as on the websites of the Securities and Exchange Commission and the Consob.

Governance

CNH Industrial is governed by a board of directors, which is responsible for setting the company's strategic direction and overseeing its operations. The company's board of directors includes Suzanne Heywood, Scott Wine, and Andrea Bonomi, among others. CNH Industrial is also subject to the governance and oversight of various regulatory bodies, including the Securities and Exchange Commission and the Consob. The company's governance structure is designed to ensure transparency, accountability, and fairness, and is based on the principles of good corporate governance, as outlined in the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. CNH Industrial's governance practices are also influenced by its membership in organizations such as the World Business Council for Sustainable Development and the European Association of Automotive Suppliers.

Sustainability

CNH Industrial is committed to sustainability and has implemented various initiatives to reduce its environmental impact. The company has set targets to reduce its greenhouse gas emissions and water consumption, and has implemented programs to promote sustainable agriculture and renewable energy. CNH Industrial has also partnered with other companies, such as Microsoft and Accenture, to develop new technologies and products that support sustainability, such as autonomous vehicles and electric powertrains. The company's sustainability initiatives are guided by its membership in organizations such as the World Business Council for Sustainable Development and the European Association of Automotive Suppliers, and are based on the principles of the United Nations Sustainable Development Goals and the Paris Agreement. CNH Industrial's sustainability report is available on the company's website, as well as on the websites of the Global Reporting Initiative and the CDP. Category:Multinational corporations

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