GFM Network News


File photo from CNH-owned FPT Industrial’s Bourbon-Lancy engine manufacturing plant in eastern France. (Photo courtesy CNH Industrial)

CNH to temporarily shut several plants in Europe

Eight-day shutdown due to supply disruptions

Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working […] Read more

Two Raven OMNiPower (formerly DOT) machines at work in the field. (RavenPrecision.com)

CNH to buy Raven Industries

Heavy equipment maker to pay US$2.1 billion for precision ag firm

The parent company behind Case IH, New Holland, Flexi-Coil and Steyr farm equipment is set to absorb a significant U.S. supplier of precision ag tech to its product lines and others. CNH Industrial on Monday announced a friendly all-cash agreement to buy up all shares in Sioux Falls, South Dakota-based Raven Industries for about US$2.1 […] Read more


A CNH manufacturing plant at Sorocaba, west of Sao Paulo in southeastern Brazil. (Photo courtesy CNH Industrial)

CNH to work with Microsoft, Accenture on ‘smart’ vehicles

Milan | Reuters — CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop “smart” and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday. The programme, part of CNH Industrial’s digital transformation plans, is expected to help the group “achieve significant revenue growth,” the […] Read more

File photo of Rocky Mountain’s dealership at High River, Alta. (Country Guide photo by Scott Garvey)

Equipment dealer chain Rocky Mountain to go private

Publicly traded CNH dealer's top brass make offer

Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more


Suzanne Heywood. (CNHIndustrial.com)

CNH Industrial replaces CEO, sticks with spinoff plan

Chairman Suzanne Heywood becomes interim CEO; CFO also leaving

Updated, March 24 — Milan | Reuters — The chief executive of CNH Industrial is leaving with immediate effect, the industrial vehicle maker said on Monday, less than two months after a profit warning. CNH said board chair Suzanne Heywood would replace Hubertus Muhlhauser as CEO until a permanent replacement was found. A source close […] Read more



(CNHIndustrial.com)

CNH begins 3D-printing spare parts

In a twist on the idea of ordering parts online, the parent firm for New Holland and Case IH is trying out the use of 3D printing to make plastic — and eventually metal — spare parts. British-based equipment manufacturing giant CNH Industrial said Monday it has already produced its first 3D-printed spare parts, making […] Read more

(Camso video screengrab)

Michelin to buy ag track maker Camso

The Michelin Man is set to take on much more field work with a US$1.45 billion deal for Quebec off-the-road track and tire manufacturer Camso. The deal, pending regulatory approval, calls for France’s Michelin to combine its off-the-road (OTR) business with Camso in a new division. “By joining forces with Camso, Michelin will create the […] Read more


Kongskilde’s Vibro Till 2900 SF and other tillage equipment lines are set to become part of New Holland. (Kongskilde.com)

New Holland buying into tillage equipment market

U.S. ag equipment giant New Holland is set to enter the tillage equipment business and stretch out its space in the hay and forage market, with a deal for Danish manufacturer Kongskilde Industries. New Holland’s parent CNH Industrial on Monday announced it will buy Kongskilde’s agricultural “grass and soil” business from Dansk Landbrugs Grovvareselskab (DLG […] Read more

(Greg Berg photo)

Deere challenges U.S. federal block on Precision Planting bid

Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for […] Read more