CNH Industrial Announces Construction Business Joint Venture with Kobelco and 2026 Cash Flow Guidance
CNH Industrial N.V. (CNH) has announced a strategic agreement to establish its construction business as a joint venture with Kobelco Construction Machinery. The deal is expected to reach completion by the end of 2027, aiming to reshape the company's industrial footprint. In addition to the structural shift in its construction segment, management provided long-term financial guidance, outlining projected industrial free cash flow of $300 million to $450 million for the year 2026. This move signals a focus on capital efficiency and strategic realignment within its core business segments.
Tickers: $CNH
Topics: construction business joint venture strategic partnership
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