CNH Global NV News

The new site in Heilongjiang Province, called Case New Holland Machinery Ltd., stretches over 20,000 square metres and includes a light assembly line, a workshop, a parts depot, a training centre and offices.

New Holland Construction has successfully won the majority of the biggest tender ever promoted by the Italian Army for construction equipment applications.

With the federal government concerned about how much top executives are making in firms funded with bailout dollars, Ag Equipment Intelligence editors thought it was a good time to analyze how much the top brass at the biggest ag equipment firms are taking home.

Chrysler Group LLC today announced the appointments of a new treasurer and chief information officer.

Case New Holland plans to lay off 128 at its combine plant in Grand Island. The company announced the layoffs on Friday.

Joy Global Inc. said Thursday that Randal Baker, the former chief executive officer of CNH Global NV 's Case IH brand, has been hired as president and chief operating officer of its surface mining equipment business, P&H Mining Equipment , and executive vice president of Joy Global Inc.

Want to know what's featured in the latest issue of Farm Equipment magazine? Dealer of the Year Canada's Young's Equipment and Idaho's Bonneville and Madison County Implement earned the industry's top honor as 2009 Dealerships of the Year.

The conference will include a presentation at 9:10 a.m. EST on November 18 by Albert S. Trefts, Jr., Senior Director Investor Relations & Capital Markets.

During the course of the session, the farming equipment guru saw about 22,900 calls cross the tape, more than tripling its average daily volume of fewer than 6,900 calls.

Earnings from continuing operations were 77 cents a share. Sales were $936 million compared to $1.12 billion a year ago.

Friday's layoff announcement at Case-New Holland Global N.V.'s manufacturing plant in Saskatoon may have been a result of a decline in the company's agriculture equipment sales.

The delegation included Mr. Gao Hong Bin, Vice Minister of Agriculture, Mr. Li Weiguo, Director General of the Department of State Farms, Mr.

Case-New Holland Global N.V. announced Friday morning it will be reducing hourly staff at its Saskatoon plant by 300 positions in November.

Shares of the following companies are having unusual moves in U.S. trading this morning.

CNH Global N.V., the Burr Ridge, Ill., producer of agricultural and construction equipment, swung to a third-quarter net loss from a year-earlier profit on 32% lower sales.

Shares in CNH Global jumped 14% to their highest in more than a year after the maker of Case and New Holland tractors said it was poised to sidestep the worst of a continuing slowdown in farm equipment markets.

But the loss was smaller than Wall Street expected and CNH shares rose $1.93, or 9.7 percent, to $21.80 in morning trading after hitting a 52-week high of $22.75 earlier in the day.

Agricultural and construction equipment manufacturer CNH Global NV reported a net loss for the third quarter on a 32 percent drop in sales.

CNH maintained its program of aggressive production controls to offset the effects of continuing weak market conditions.

Most mergers and acquisitions are buoyed with optimism and hope that the transaction brings added prosperity sometime in the future.