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MarketScreener Homepage  >  Equities  >  Nyse  >  CNH Industrial N.V.    CNHI   NL0010545661

CNH INDUSTRIAL N.V.

(CNHI)
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CNH Industrial to work with Microsoft, Accenture on 'smart' vehicles

11/30/2020 | 10:19am EST
FILE PHOTO: Italian-American Industrial vehicle maker CNH's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin

MILAN (Reuters) - CNH Industrial has set up a five-year collaboration with Microsoft and Accenture to help it to develop "smart" and connected industrial vehicles, the Italian-American vehicle and equipment maker said on Monday.

The programme, part of CNH Industrial's digital transformation plans, is expected to help the group "achieve significant revenue growth", the maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains said in a statement.

The collaboration is mainly focused on setting up a global network of digital hubs, in Europe, the United States, Brazil and India, CNH said without providing financial details of the agreement.

In those hubs, the three companies will design, launch and manage digital services aimed at making CNH's products "smarter, more functional, secure and sustainable," the company said.

The smart vehicles will have new services and functionalities in several areas, including computer-aided farming, predictive maintenance, enhanced fleet management and green transportation, CNH said.

Andreas Weishaar, CNH's chief strategy, talent, ICT and digital officer, said the creation of digital hubs was a "pillar" of the strategy to move CNH Industrial from being a manufacturer of physical products to being able to deliver new digital and connected products and services.

(Reporting by Giulio Piovaccari. Editing by Jane Merriman)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACCENTURE PLC -0.53% 253.65 Delayed Quote.-2.89%
CNH INDUSTRIAL N.V. -3.06% 13.32 Delayed Quote.3.74%
EURO / BRAZILIAN REAL (EUR/BRL) 1.25% 6.3926 Delayed Quote.-0.49%
MICROSOFT CORPORATION -0.17% 212.65 Delayed Quote.-4.23%
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Financials (USD)
Sales 2020 24 591 M - -
Net income 2020 -448 M - -
Net Debt 2020 1 366 M - -
P/E ratio 2020 -40,1x
Yield 2020 0,05%
Capitalization 18 000 M 18 000 M -
EV / Sales 2020 0,79x
EV / Sales 2021 0,70x
Nbr of Employees 63 499
Free-Float 55,8%
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CNH Industrial N.V. Technical Analysis Chart | CNHI | NL0010545661 | MarketScreener
Technical analysis trends CNH INDUSTRIAL N.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 13,48 $
Last Close Price 13,32 $
Spread / Highest target 27,6%
Spread / Average Target 1,17%
Spread / Lowest Target -32,4%
EPS Revisions
Managers and Directors
NameTitle
Scott Wellington Wine Chief Executive Officer
Suzanne Heywood Chairman
Oddone Incisa della Rocchetta CFO & President-Financial Services
Jayanthi Iyengar Chief Technology Officer
Léo W. Houle Senior Independent Non-Executive Director
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