Photo: Piotr Swat/SOPA Images via Reuters Connect

CNH Industrial forecasts lower FY profits on declining agriculture, construction equipment sales

Reuters – CNH Industrial CNH.N on Tuesday forecast 2025 profit below Wall Street’s estimates, as it expects sales to be lower year-over-year in both its agriculture and construction equipment markets in 2025, sending its shares down 3.7 per cent before the bell. The Basildon, UK-based company expects 2025 adjusted earnings to be in the range […] Read more




Screengrab from a CNH promotional video of its Magnum tractor assembly plant at Racine, Wisconsin. (CNH video)

Profits up at agriculture equipment makers

Higher sales and profit margins boost the balance sheets of major agricultural implement makers

As the height of the pandemic fades, COVID-induced problems for the big farm equipment brands are starting to ease. Their sales numbers have seen a post-pandemic jump. Sales of utility and compact utility tractors have declined sharply from an artificial high, which was attributed to acreage owners stuck at home during the pandemic and spending […] Read more

Last December, CNH Industrial unveiled a prototype of its soon-to-be-released battery-electric, autonomous tractor. It was presented as a New Holland, but it will also be available as a Case IH when commercially released in late 2023.

CNH introduces the T4 Electric Power

Electric and autonomous utility tractor about to hit the market

Glacier FarmMedia – Last fall, CNH Industrial, parent company of Case IH and New Holland, announced the pending introduction of the agricultural equipment industry’s first battery-electric, fully autonomous tractor. A prototype version of it was on display for the first time at a media day in Phoenix, Ariz., in early December. It wore New Holland […] Read more

Monarch’s MK-V tractor. (MonarchTractor.com)

Foxconn to build autonomous electric tractors in Ohio

Tech firm to make units for U.S.-based Monarch

Reuters — Taiwan’s Foxconn, the world’s largest contract electronics maker, on Tuesday said it will build driverless electric tractors for California-based Monarch Tractor at its Lordstown, Ohio facility starting in early 2023. The announcement comes as heavy machinery manufacturers, including Deere and Agco, set their sights on the electric vehicle market as the U.S. agriculture […] Read more



Specialty Enterprises’ AG TRK430 132-foot Millennium spray boom in operation. (Specialtyllc.net)

CNH buys spray boom manufacturing capacity

Specialty Enterprises has supplied Case IH with booms

A Wisconsin company that has supplied aluminum spray booms for Case IH sprayer product lines has been brought in-house. CNH Industrial, owner of the Case IH and New Holland brands, announced May 23 it has bought Specialty Enterprises, which is billed as North America’s biggest maker of aluminum spray booms for farm applications as well […] Read more