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Japanese construction equipment manufacturer Kobelco has set out three objectives at the heart of its move to buy 70% of CNH Industrial’s construction machinery business

CNH Industrial has announced that it will sell 70% of its construction equipment business to Kobelco in a transaction that values the business at $1 billion

CNH Industrial, the Italian-American manufacturer of construction and agricultural equipment, has forecast “flattish” sales of construction equipment this year

Appointments to be effective August 1

Olof Persson to become CEO of Iveco Group starting July 2024

He will replace Scott W. Wine, who has been in the role for three years

First Iveco Group Days since the company’s launch beginning 2022

First management appointments for the new On-Highway business spin-off from CNH Industrial