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News Breaks | | | | December 26, 2012 | | 05:27 EDT |  | CNH | CNH Global announces changes in its alliance with Kobelco Construction Machinery
CNH Global announced that as a result of an ongoing strategic review of its construction equipment business, it is moving into the next phase of agreements with Kobelco Construction Machinery. Under the new, non-exclusive licensing and supply agreements, which take effect on January 1, 2013, CNH and Kobelco Construction Machinery are unwinding their joint ownership and equity participations in all the companies formed in connection with their previous alliance and eliminating any geographical exclusivity rights associated with their agreements. CNH will continue to manufacture hydraulic excavators incorporating current Kobelco technology at its Calhoun, GA, U.S., San Mauro, Italy and Belo Horizonte, Brazil, manufacturing facilities and will continue to source select models, including short-radius excavators, from Kobelco in Japan for no less than five years and component parts no less than ten years. Moving forward, CNH will market full-sized excavators featuring Kobelco technology under its New Holland Construction brand and compact excavators under its New Holland Construction and Case Construction Equipment brands. | |
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| May 10, 2013 | | 16:09 EDT | | CNH | Southeastern Asset Management reports 12.2% passive stake in CNH Global
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