|Bid||9.85 x 0|
|Ask||9.85 x 0|
|Day's Range||9.67 - 9.88|
|52 Week Range||7.63 - 10.51|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||11.62|
|Earnings Date||Nov 6, 2019|
|Forward Dividend & Yield||0.18 (1.83%)|
|1y Target Est||15.17|
IVECO BUS has won a record order to supply 409 Urbanway Natural Power (NP) buses to the Parisian Transport Authority, Ile-de-France Mobilités. The buses will be deployed on the.
(Bloomberg Opinion) -- At various times during his 14-year tenure as chief executive officer of Fiat Chrysler Automobiles NV, the late Sergio Marchionne held takeover talks with Volkswagen AG.The news that VW is considering a stock-market listing of its Lamborghini supercar division suggests Marchionne continues to influence the German carmaking giant. By spinning off high-value operations such as trucks and sports cars, VW’s boss Herbert Diess would be imitating his Italian peer’s successful approach to creating shareholder value. But Diess is struggling to be as daring, which will make it harder to achieve his goals.When Marchionne took the helm at Italy’s Fiat SpA in 2004, its market capitalization was a pitiful 5.3 billion euros ($5.9 billion). During his reign, he merged Fiat with America’s Chrysler and spun off Ferrari NV and Fiat’s trucks and agriculture machinery business (CNH) into separate companies. When he died last year, the combined equity value of Ferrari, Fiat Chrysler and CNH Industrial NV was 57 billion euros. His successor then completed the 6.2 billion-euro sale of the Magneti Marelli SpA auto parts division.Diess wants VW to hit a market value of 200 billion euros — up from 80 billion euros now, Bloomberg News reported as it broke the news about Lamborghini, adding that a sale of the brand is also under consideration. (VW says there are “no plans for a sale or public offering of Lamborghini”). Including all of Volkswagen’s 12 brands, its financial services arm and its Chinese joint ventures, the company’s sum-of-the-parts valuation could top 215 billion euros, Bloomberg Intelligence analyst Michael Dean estimated in August.In an attempt to realize that value, Diess has started off by following the Marchionne playbook. Fiat began by spinning off CNH in 2012. Diess also kicked off with a June listing of VW’s trucks arm, Traton SE.Marchionne followed the CNH divestment with the listing of Ferrari in 2016, and now it looks like Diess’s next step might be his own supercar brand. A sale of Volkswagen’s industrial machinery operations Renk AG and MAN Energy Solutions, which is being considered, would be akin to the Magneti Marelli sale. Analysts have even speculated that VW’s alliance with Ford Motor Co. could evolve into a merger, similar to the Fiat-Chrysler deal.Yet there’s a difference between the boldness of the two companies. Fiat spun out CNH by distributing the stock to existing shareholders, and it did the same with what was left of Ferrari’s equity after selling 20% of the company in an initial public offering in New York. Volkswagen, by contrast, sold just 11.5% of Traton to new investors in an IPO and then kept the rest of the stock for itself. In fairness, Diess has to manage a difficult set of stakeholders. The Porsche-Piech family controls VW, while the German state of Lower Saxony has 20% of the voting shares. He also has employee representatives on the board. The Agnelli family, which controls Fiat, backed Marchionne’s ambitions — and became significantly wealthier.Because of its arcane multiple voting-class structure, most Volkswagen shareholders have no say in the running of the company. That might explain why Diess opted for an IPO of Traton rather than a spin-off: Replicating the current VW voting arrangements in a new company wouldn’t have been attractive for new investors. But the listing was so small as not to give new investors any real say in the company’s running anyway. If the Porsche-Piech dynasty really want Diess to increase their riches, they should encourage offerings that unpick some of their own control.To contact the author of this story: Alex Webb at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
CNH Industrial (NYSE: CNHI /MI: CNHI) hosted U.S. Congressman Ron Estes (R-Kansas) at the CASE Construction Equipment and New Holland Construction manufacturing facility in Wichita, Kansas, on Manufacturing Day, October 4. Manufacturing Day is a celebration of modern manufacturing meant to inspire the next generation of manufacturers.
New Holland Agriculture and precision farming aftermarket brand AGXTEND™ have each won leading innovation awards at this year’s Agritechnica, the world’s leading agricultural.
London, October 10, 2019 CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that, under the common share buy-back program currently in place, the Company has completed the.
The IVECO commercial vehicles manufacturing facility in Sete Lagoas, Brazil, has attained silver status in the World Class Manufacturing (WCM) program. This represents a significant achievement for IVECO, a brand of CNH Industrial (NYSE: CNHI/MI: CNHI) and is further testament to the success of the Company wide program aimed at achieving production process excellence through the combined efforts of its multifaceted workforce. The Sete Lagoas plant was opened in 1997 in Minas Gerais State and today manufactures the Daily van, Tector, Hi-Road and Hi-Way truck models for the IVECO brand, as well as bus chassis and the Daily Minibus for the IVECO BUS brand.
New Holland Agriculture has received a coveted gold medal at the SITEVI Innovation Awards 2019 for its multipurpose software solutions for use on the brand’s self-propelled grape harvesters and straddle tractors. CNH Industrial (NYSE: CNHI / MI: CNHI) global agricultural machinery brand New Holland Agriculture, industry leader in grape and olive harvesting and specialist tractors, has triumphed at this year’s SITEVI Innovation Awards.
London, September 25, 2019 CNH Industrial partnered with the Annual Car Design News Awards China in challenging young design students across China to try their hand at.
London, September 17, 2019 CNH Industrial (NYSE: CNHI /MI: CNHI) is the Industry Leader in Machinery and Electrical Equipment in the Dow Jones Sustainability Indices (DJSI),.
London, September 12, 2019 Iveco Defence Vehicles, a company of CNH Industrial N.V. (NYSE: CNHI /MI: CNHI), announced today that it has been awarded a contract by the Dutch.
CNH Industrial has reached another significant milestone in its mission to become the world’s leading capital goods company, demonstrating the depth and breadth of its agricultural expertise by hosting all of its agricultural brands in a single space at Agritechnica 2019, one of the world’s largest trade shows, held in Hanover, Germany from November 10 to 16. Agritechnica 2019 will mark an important step for CNH Industrial (NYSE: CNHI / MI: CNHI), as the Company’s significant presence at this year’s exhibition underscores its position as a leading global agricultural equipment manufacturer, both in terms of products and advanced farming services, including industry-leading precision farming technologies.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its agreement to acquire AgDNA, a leader in Farm Management Information Systems (FMIS). This acquisition will enable CNH Industrial’s customers, and those of third party agricultural machinery, to benefit from AgDNA’s single point data integration, mapping and analytical tools. Paired with CNH Industrial’s agricultural brands’ fleet management telematics, the combined solution will empower farmers and agribusinesses to consolidate a wide range of agronomic data streams, arising from a range of inputs such as machine, agronomic and third party data – including crop prices and weather information – into a single platform, to facilitate expedited decision making.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its intention to enter into a strategic and exclusive Heavy-Duty Truck partnership with Nikola Corporation, based in Phoenix, Arizona, U.S.A., to accelerate industry transformation towards emission neutrality of Class 8 / Heavy-Duty Trucks in North America and Europe through the adoption of fuel-cell technology. Nikola’s zero-emission Heavy Duty Trucks, powered by proprietary hydrogen fuel cell and battery technology, will be the first-to-production. CNH Industrial will take a $250 million strategic stake in Nikola as the lead Series D investor, comprising $100 million cash and $150 million in services, such as product development, manufacturing engineering, and other technical assistance, as well as supply of certain key components to accelerate the production timeline of the Nikola TWO and Nikola TRE.
CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today will announce its new five-year 2020 – 2024 business plan ‘Transform 2 Win’ at its Capital Markets Day event in New York, U.S.A., presenting a detailed strategy to transform the Company’s structure and performance to empower its five operating segments achieve their full potential.
London, September 3, 2019 CNH Industrial (NYSE: CNHI / MI: CNHI) will today present the five-year Strategic Business Plan at its Capital Markets Day, to be held at the New York.
Burr Ridge, August 30, 2019 The Chief Executive Officer of CNH Industrial (NYSE: CNHI /MI: CNHI), Hubertus Mühlhäuser, urged prompt Congressional passing of the United.
The following is an extract from the “CNH Industrial 2019 second quarter results” press release. The complete press release can be accessed by visiting the media section of the.
Whether it’s the move towards eliminating single use plastics, the growing concern over seaborne pollution or a renewed impetus for alternative fuels, there seems to be a new sense of urgency surrounding the topic of climate change and the search for a more sustainable future. In this latest Top Story, we learn how CNH Industrial, a global leader in the capital goods sector, is playing its part in tackling climate change. Sustainability is a core value at CNH Industrial (NYSE: CNHI / MI: CNHI) and one which is integrated into all aspects of the business from the promotion of staff awareness, to engaging with local communities, to the manufacturing process itself.
Following the order of 450 buses in January 2018, the Government of the Ivory Coast and the Abidjan Transport Company SOTRA confirm a new investment with CNH Industrial’s global bus brand for a total running fleet of more than 750 city buses. Abidjan, the economic capital and largest city in the Ivory Coast, continues to invest in strengthening its public transit system, expanding its fleet of buses. The city’s latest order from IVECO BUS, the global bus brand of CNH Industrial (NYSE: CNHI / MI: CNHI) and leader in natural gas buses, consists of 200 Crossway Low Entry (LE) and 50 Crealis Natural Power (NP) 18-meter buses.
A year after Sergio Marchionne's passing, the example he left us is just as strong and alive in all of us. The human values of responsibility and openness, of which he was always the most ardent champion, continue to live in all our companies. The culture of excellence, both in our results and in how we reach those results, is an integral part of each and every one of them.
CNH Industrial Australia’s business units and employees dedicated resources and time to supporting the Australian charity One Voice. Teams from CASE Construction Equipment and.
London, July 18, 2019 CNH Industrial (NYSE: CNHI / MI: CNHI) announced today that its financial results for the Second Quarter of 2019 will be released on Thursday, August 1,.
CNH Industrial (NYSE: CNHI /MI: CNHI) honored the winners of the Sergio Marchionne Student Achievement Awards for North America during an awards ceremony on July 12. The annual Student Achievement Awards Program recognizes children of CNH Industrial’s employees for their academic excellence, involvement in extracurricular activities and community service. It originally started in 1996 as Fiat Awards and was renamed the Sergio Marchionne Student Achievement Awards in 2018 as a tribute to CNH Industrial’s former chairman.