Friday, November 8, 2024

CNH to cut production


 

CNH said it plans to cut production and reduce heavy dealership inventories because of a 22 per cent reduction in sales for its third quarter that ended Sept. 30.


It said farm machinery and industrial equipment sales around the world declined because its customers are experiencing a profit squeeze.


CNH brands are Case IH, New Holland, Steyr, Raven, Flexi-Coil, Miller, Eurocomach and Hemisphere.