CNH Industrial Temporarily Shuts Down European Plants

  • CNH Industrial NV CNHI will temporarily shut down several European agricultural, commercial vehicle, and powertrain manufacturing facilities.
  • CNH Industrial manufactures heavy machinery with various products, including agricultural and construction equipment, commercial vehicles, and powertrain components.
  • The closure aimed to counter the ongoing disruptions to the procurement environment and the crisis of core components, especially semiconductors.
  • CNH Industrial is constantly reviewing its production schedules. The shutdown will not likely exceed eight working days in October. 
  • Price Action: CNHI shares closed lower by 0.25% at $16.14 on Wednesday.
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