CNH Industrial

CNH Industrial N.V. is one of the world's largest capital goods companies, registered in the Netherlands with corporate offices in London. It is financially controlled by the investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange and on Borsa Italiana: it is a constituent of the FTSE MIB index. Through its various businesses, CNH Industrial designs, produces, and sells agricultural equipment and construction equipment (Case and New Holland brand families), trucks, commercial vehicles, buses, and special vehicles (Iveco), in addition to powertrains for industrial and marine applications (FPT Industrial). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures.[4] CNH Industrial currently employs more than 63,000 people in 66 manufacturing plants and 53 research and development centers. The company operates across 180 countries.[5]

CNH Industrial N.V.
Naamloze vennootschap
Traded as
Predecessors
Founded2012
Headquarters
Area served
Worldwide
Key people
Products
  • Agricultural Equipment
  • Construction Equipment
  • Trucks and Commercial Vehicles
  • Buses, Special Vehicles
  • Industrial and Marine Powertrains
Brands
RevenueIncrease US$27.4 billion (2017)
Increase US$1.62 billion (2017)
Increase US$313 million (2017)
Total assetsIncrease US$48.28 billion (2017)
Total equityDecrease US$4.40 billion (2017)
OwnerExor N.V. (26.89% and voting 41.68%)
Number of employees
63,356 (2017)
WebsiteCNHIndustrial.com
Footnotes / references
[1][2][3]

History

One of the top players worldwide in the agricultural and construction equipment sectors, CNH Global was created in 1999 through the merger of New Holland and Case Corporation.[4]

In 2011, Fiat Industrial was formed following the demerger of the activities of Iveco, CNH Global and FPT Industrial from Fiat S.p.A.

In 2013, CNH Industrial was formed following the merger of Fiat Industrial and CNH Global.

In 2014, the company entered into a new licensing agreement with Sumitomo (S.H.I.) Construction Machinery and completed acquisition of Miller-St. Nazianz, Inc.

In 2016, CNH Industrial acquired Kongskilde Agriculture and entered exclusive mini-excavator alliance with Hyundai Heavy Industries.

Brands

See also

References

  1. ^ "Global 2000: No. 765 CNH Industria". Forbes. Retrieved 7 March 2017.
  2. ^ "US SEC: Form 20-F CNH Industrial N.V." U.S. Securities and Exchange Commission. Retrieved 8 March 2018.
  3. ^ "CNH Industrial – Board of Directors". cnhindustrial.com.
  4. ^ a b "International Agreements". CNH Industrial. 31 December 2012. Archived from the original on 23 April 2015. Retrieved 2 July 2015.
  5. ^ "CNH Industrial – Company Profile". cnhindustrial.com. Retrieved 6 November 2018.

External links

2017 term per curiam opinions of the Supreme Court of the United States

The Supreme Court of the United States handed down sixteen per curiam opinions during its 2017 term, which began October 2, 2017, and concluded September 30, 2018.Because per curiam decisions are issued from the Court as an institution, these opinions all lack the attribution of authorship or joining votes to specific justices. All justices on the Court at the time the decision was handed down are assumed to have participated and concurred unless otherwise noted.

Astra (company)

Astra (Anonima Sarda TRAsporti) Veicoli Industriali S.p.A. is an Italian company that produces trucks, heavy transport vehicles and military vehicles. Astra was privately founded in 1946 in Cagliari, and since 1986 has been part of Iveco, itself part of CNH Industrial. In 1951 Astra moved to Piacenza. From 1946 to 1986 Astra was owned by the Bertuzzi family of Piacenza.

CNH Global

CNH Global NV was the holding company for the Italian public multinational manufacturer of agricultural and construction equipment, established on November 12, 1999, through the merger of Case and New Holland. Effective 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V.

CNH's scope included integrated engineering, manufacturing, marketing and distribution of equipment on five continents. CNH's operations were organized into three business segments: agricultural equipment, construction equipment and financial services.

As of December 31, 2012, CNH manufactured its products in 37 facilities throughout the world and distributes its products in approximately 170 countries through approximately 11,500 full line dealers and distributors.

Case Construction Equipment

Case Construction Equipment (stylized as CASE Construction Equipment, commonly referred to as simply Case) is a brand of construction equipment from CNH Industrial. Case produces construction equipment including excavators, motor graders, wheel loaders, vibratory compaction rollers, crawler dozers, skid steers, and compact track loaders.

Case Corporation

The Case Corporation was a manufacturer of construction equipment and agricultural equipment. Founded, in 1842, by Jerome Increase Case as the J. I. Case Threshing Machine Company, it operated under that name for most of a century. For another 66 years it was the J. I. Case Company, and was often called simply Case. In the late 19th century, Case was one of America's largest builders of steam engines, producing self-propelled portable engines, traction engines and steam tractors. It was a major producer of threshing machines and other harvesting equipment, The company also produced various machinery for the U.S. military (combat engineer equipment for the USMC, full-tracked tractors and scoop loaders for the U.S. Army, etc.). In the 20th century, Case was among the 10 largest builders of farm tractors for many years. In the 1950s its construction equipment line became its primary focus, with agricultural business second.

Case's corporate entities and brands changed repeatedly in the 1980s and 1990s. When its corporate parent, Tenneco, bought International Harvester's agricultural equipment division and merged it into Case, the J. I. Case Company continued, but it began using the Case IH brand. In the 1990s it changed names several more times (each name including "Case") before its merger into CNH Global ended its history as a distinct entity. Various CNH brands continue to make use of the Case name, such as Case CE and Case IH.

Case IH

Case IH is a brand of agricultural equipment. It was created in 1985 when Tenneco bought selected assets of the agricultural division from International Harvester and merged it into its J.I. Case Company. Today Case IH is owned by CNH Industrial, which in turn is financially controlled by the Italian investment company Exor, which belongs to the Agnelli family.

Case STX Steiger

The Case STX Steiger is a tractorline built by Case IH. This line continues the models built by Steiger Tractor, which was purchased by Case IH in 1986.

The tractors are built in Case IH's plant in Fargo, North Dakota, where already 50,000 units of this line were built.

This tractor line is powered by engines with 405 to 682 hp. They are available in wheeled, Quadtrac, and row-crop Rowtrac configurations, and are very closely related to the New Holland T9 range.

In 2007, the STX530 Quadtrac tractor was featured on the television series Top Gear, where presenter Richard Hammond chose the STX Steiger for some of the challenges, (eventually including ploughing.) It was lapped around the Top Gear Test Track by The Stig, finishing in a time of 4:49.1, which is the slowest lap ever round the track. In 2005 that model of tractor broke the 24-hour ploughing World Record, turning 792 acres (3.21 km2) of farmland in just 24 hours.

Exor (company)

Exor N.V. is a holding company, incorporated in the Netherlands and controlled by the Italian Agnelli family. It has a capitalization of nearly $24 billion USD, with a history of investments running over a century. Its most important investments include Fiat Chrysler Automobiles, PartnerRe, Ferrari, CNH Industrial, Juventus and The Economist. It is the 19th largest group in the world, according to the 2017 Fortune Global 500 List.

Fiat Industrial

Fiat Industrial S.p.A. was an Italian company into which Fiat S.p.A. (parent company of Fiat Group) demerged most of its activities not directly related to automobiles at the start of 2011. Fiat Industrial served as a holding company for the activities of truck manufacturer Iveco; an 89.3% stake in the agricultural and construction equipment producer CNH Global; and FPT Industrial, which consists of the industrial and marine activities formerly part of Fiat Powertrain Technologies. The company's Chairman was Sergio Marchionne, who also served as CEO of Fiat S.p.A. and Chairman/CEO of Chrysler Group LLC, now merged as Fiat Chrysler Automobiles.On 1 January 2011, each existing share of Fiat S.p.A. was converted into one Fiat share and one Fiat Industrial share. This resulted in Exor (the holding company controlled by the Agnelli family), the largest shareholder of Fiat with a stake of around 30%, holding an equivalent stake in Fiat Industrial. Exor has however raised the possibility of the future sale of some of its stake.In September 2011, the company entered the DJSI World and Europe indexes as leader in the Industrial Engineering sector.

On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V. was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario. For additional information, see CNH Industrial N.V.

Fiat Powertrain Technologies

Fiat Powertrain Technologies (FPT) was established in March 2005 as a Fiat Group division which included all the activities related to powertrains and transmissions. The company was formed following the dissolution of the alliance between Fiat and General Motors.

Between 2005 and 2011, the company also included industrial and commercial powertrain activities that were subsequently spun-off as a separate entity named FPT Industrial who acted as a subsidiary of Fiat Industrial (now CNH Industrial).

In January 2013 Fiat Powertrain Technologies was incorporated in Fiat Group Automobiles.

The company had activities in nine different countries, it had 10 plants and around 20,000 employees. With output of around 2.9 million engines and 2.4 million transmissions and axles annually, Fiat Powertrain Technologies is one of the largest companies in the powertrain sector.

Fiat Trattori

Fiat Trattori S.p.A. was a Fiat group company founded in 1919. Fiat Trattori was a constructor of agricultural equipment, and tractors in particular. Over its decades of history it established itself as Italy's leading constructor and one of the biggest in Europe; in 1991 it took over Ford New Holland and adopted its name to increase its status on the world markets. In 1999 New Holland acquired Case Corporation to create CNH Global, in which Fiat Industrial was the majority shareholder until the two firms merged to create CNH Industrial in 2013.

Heuliez Bus

Heuliez Bus is a French limited company, part of the Henri Heuliez Group. It was formed in 1980. It is 100% owned by Iveco through its subsidiary Iveco Bus, and specializes in the manufacture of buses and coaches.

Iveco

IVECO S.p.A., an acronym for Industrial Vehicles Corporation, is an Italian industrial vehicle manufacturing company based in Turin, Italy, and entirely controlled by CNH Industrial Group. It designs and builds light, medium and heavy commercial vehicles, quarry/construction site vehicles, city and intercity buses and special vehicles for applications such as firefighting, off-road missions, the military and civil defence. The name Iveco first appeared in 1975 after a merger of Italian, French and German brands. Its production plants are in Europe, Brazil, Russia, Australia, Africa, Argentina and China, and it has approximately 5,000 points of sales and service in over 160 countries. The worldwide output of the company amounts to around 150,000 commercial vehicles with a turnover of about €10,000,000,000.

Iveco Bus

Iveco Bus (formerly Irisbus) is a bus manufacturer, with headquarters in Lyon, that belongs to the industrial group CNH Global through its subsidiary Iveco, based in Turin (Italy). Iveco-bus is now only a brand division of IVECO which is a company incorporated under Italian law and listed on Borsa Italiana.

Magirus

Magirus GmbH is a truck manufacturer based in Ulm, Germany, founded by Conrad Dietrich Magirus (1824–1895). The parent company was Klöckner Humboldt Deutz AG, maker of the well-known Deutz engines, so the brand commonly used was Magirus Deutz, and for a short time Klöckner. The logo of Magirus Deutz was a stylised M with a sharp, long centre point to represent the spire of Ulm Cathedral.

The company began manufacturing fire-fighting vehicles in 1866. In the late 1910s, it started the production of trucks and buses. These vehicles developed a reputation for high engineering standards, able to operate under the most arduous conditions. The company also invented the turntable ladder, as Magirus Leiter, which quickly became an essential item of fire brigade equipment worldwide.

In 1975, Magirus became part of Iveco which continued producing some Magirus trucks for a short while under the name "Iveco Magirus" before abandoning it completely in most countries. KHD's collaboration with Fiat ended abruptly and less than harmoniously in 1979, leaving Fiat as owner of the Magirus-Deutz brand. However, Iveco trucks were sold under the Magirus brand in Germany and other European and Middle Eastern markets until the end of the 1980s. Today, the Magirus brand is only used for the company's firefighting equipment section, not for the whole fleet of manufactured trucks.

Most trucks from Magirus were also known as Magirus-Deutz because their air-cooled engine came from the factory of Deutz AG. These engines are still being sold for agricultural and marine use.

Iveco Magirus is one of the leading manufacturers of fire fighting equipment. The underpinnings for the line of fire fighting trucks are primarily Iveco's own chassis designs and engines, but occasionally platforms from other truck manufacturers serve as the base for specialized or customized fire-fighting equipment layouts. With its Magirus brand turntable ladder, Iveco Magirus is the unrivalled global market leader by sales.

New Holland Agriculture

New Holland is a global brand of agricultural machinery produced by CNH Industrial. New Holland agricultural products include tractors, combine harvesters, balers, forage harvesters, self-propelled sprayers, haying tools, seeding equipment, hobby tractors, utility vehicles and implements, and grape harvesters.

The original New Holland Machine Company was founded in 1895 in New Holland, Pennsylvania; it was acquired by Sperry Corporation in 1947, then by Ford Motor Company in 1986, and then by FiatAgri in 1991, becoming a full-line producer. In 1999, New Holland became a brand of CNH Global (NYSE: CNH), which was majority-owned by Fiat Industrial. On 29 September 2013, CNH Global N.V. and Fiat Industrial S.p.A. were merged into CNH Industrial N.V., a company incorporated in the Netherlands. Fiat Industrial shareholders received one CNH Industrial common share for every Fiat Industrial share held and CNH Global shareholders received 3.828 CNH Industrial common shares for every CNH Global common share held. CNH Industrial N.V. was subsequently listed on both the NYSE and the Milan stock exchange (Mercato Telematico Azionario).

New Holland equipment is manufactured all around the world; the current administrative headquarters are in Turin, Italy, with New Holland, Pennsylvania serving as the brand's headquarters for North America and home of the largest hay tools production facility in the world. With 18 plants spread globally, as well as six joint ventures in the Americas, Asia, and Middle East, the corporation is present in 170 countries worldwide.In recent years, the firm has received several awards for its products, designs, and innovative features. Recently, New Holland presented the NH2, a hydrogen-powered tractor farmers can refill generating energy from renewable sources.

New Holland also owns trademarks for specific innovation on its products such as ABS Super Steer system, Opti Fan System, Intellifill system, and others.The brand was the main Juventus F.C. sponsor from 2007 to 2010.

New Holland Construction

New Holland Construction is a global full-line manufacturer of construction machinery. Along with New Holland Agriculture, New Holland Construction is a brand of CNH.

Richard J. Tobin

Richard Joseph Tobin is an American businessman. He was the Chief Executive Officer of CNH Industrial N.V.

Steyr Tractor

Steyr Tractor (properly called Steyr Landmaschinentechnik AG) is a manufacturer of tractors in St. Valentin, Austria. It was part of the Steyr-Daimler-Puch conglomerate from 1934 until 1990 and was purchased by Case Corporation in 1996. Case IH and New Holland merged in 1999 to form CNH Global, which in turn merged with Fiat Industrial in 2012 to form CNH Industrial and Steyr exists today as a marque of that company.

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