CNH Industrial reported strong results for the fourth quarter of 2020, with consolidated revenues of $8.5 billion (up 10%) and adjusted EBIT of Industrial Activities of $520 million (up 73%).
According to a report from Inforum, CNHI has announced 35 layoffs at a manufacturing facility in Fargo, N.D. The plant manufactures large-tracked and 4WD tractors, as well as wheel loaders.
Operating profit was up 34% compared with the third quarter of 2016. Operating margin increased to 7.8% as a result of the favorable volume and product mix, according to the company.
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