All war in ukraine Articles
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Construction and agricultural equipment manufacturer CNH Industrial has sold its business in Russia for US$60 million.
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Growth of 8.2% for German-Swiss construction equipment manufacturer
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First three quarters see double-digit improvements in unit sales and revenue
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Construction equipment industry urged to prepare for long-term volatility
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Key engine and turbine industry execs provide a high-level view of the conditions, challenges and opportunities ahead
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Orders increase to around €770 million, revenue up by 21%
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First quarter saw high revenue growth in North American construction and resource industries
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Country accounts for roughly 5% of company’s overall market
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Group also issues statement of sympathy and support
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The shortfall in wiring harness supply will result in a severe drop in output over Q2
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Comments related to cost of raw materials and components
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Company said war having a “massive impact” on its business and could force an exit from Russia and Ukraine
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Reduced investment in ICE tech will drive down future R&D expenditure