Stock Groups

CNH Industrial sees revenues rising up to 24% to 2024 -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: CNH Industrial flags are seen outside the CNH Industrial building, Turin, Italy on February 5, 2020. REUTERS/ Massimo Pinca

MILAN (Reuters), CNH Industrial (NYSE 🙂 an Italian-American car maker, presented on Tuesday a plan to increase its total revenue by up to 24% over 2024. It had spun off three of its engine and truck units.

Slides prepared for the presentation show that the group is managed by Exor (OTC):, the holding company of the Agnelli family in Italy. It projects net sales between $20-22 Billion and 2024. This represents an increase of $17.8 million last year.

CNH Industrial spun-off its low-margin bus, truck and engine businesses at the start of the year, and was separately listed under Iveco Group to allow it to concentrate on its construction and agriculture machine business.

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