A dark pool order was detected in CNHI stock on January 10, 2020.
CNHI stock price immediately jumped up to $10.94 following the dark pool print, and then it fell back down to $10.89. The pop in the price following the dark pool print suggests the dark pool order could be a buy order but we really don’t have enough data for even a guess here.
On January 8, 2020, Iveco Defence Vehicles, a subsidiary of CNH Industrial N.V. (NYSE: CNHI/MI: CNHI), announced that on December 30, 2019, a first order of a frame agreement including more than 2,900 high mobility trucks has been signed with the Romanian Ministry of National Defence. These first 942 vehicles will be delivered throughout four years, starting from 2020.
On October 8, 2019, Hubertus Muehlhaeuser, CNH Industrial chief executive officer, discusses the trade war’s effect on agriculture and the company’s five-year plan with Bloomberg’s Shery Ahn and Amanda Lang on “Bloomberg Markets.”
On December 20, 2019, The American Society of Agricultural and Biological Engineers (ASABE) have included three innovative technologies from Case IH and from New Holland respectively, in their annual AE50 Awards. The awards honor the year’s most innovative designs in engineering products and systems for the food and agricultural industries.
Case IH and New Holland Agriculture, the global agricultural machinery brands of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), have each won three prestigious ASABE AE50 awards for 2020. Companies around the world submit entries to the annual competition, and the 50 best products, which are judged as having the most impact in advanced engineering for the food and agricultural industries by a panel of international engineering experts, are admitted to the list.
Case IH has won recognition for three innovations which help producers save time, reduce costs and improve overall operating safety. The AFS Connect® Magnum series tractor provides producers with the freedom to manage, monitor, adjust and transfer machine and agronomic data the way they want. A completely redesigned operating system enables remote display viewing, service diagnostics and software updates, and is further testament to CNH Industrial’s development of the theme of digitalization and precision farming. The 2160 Early Riser® split-row large fold front planter was recognized for its wing wheel system, which provides optimal weight distribution between the tractor and planter – for improved operational productivity. This is the fifth award in the last five years for 2000 series Early Riser planters. The third award for Case IH was won by the Precision Air™ 5 series air cart with curve compensation, which helps ensure proper product distribution across the drill in tight turns and corners, to help enhance yields.
New Holland also has three innovations named to the top 50, which highlight the brand’s commitment to an innovative and forward-looking approach to agricultural mechanization. The SideWinder™ Ultra armrest places all key tractor in-cab controls ergonomically and logically in a single location. It also features a fully customizable operator interface, which enables drivers to configure specific operating functions to suit their individual preferences.
Ground Speed Management II, available on New Holland’s T5 and T6 ranges of midrange tractors was also recognized. This system automatically maintains the requested forward speed at the optimal operating point in terms of engine speed and gear selection, thereby reducing fuel consumption and enhancing efficiency. The P-Series Air Cart’s automatic levelling and agitation system for air carts equipped with an auxiliary tank was also included. The system ensures that fine seed, inoculant or other small-particle sized products adequately cover all of the meter rollers in near-empty tank conditions for maximum productivity.
On December 19, 2019, FPT Industrial, the global powertrain brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its agreement to acquire 100% of Dolphin N2, a startup specialized in innovative internal combustion engine technology, and a spin-out company from Ricardo plc (LSE: RCDO) – a global and strategic, technical and environmental consultancy company specialized in the transport, energy and scarce resources sectors.
With this acquisition, FPT Industrial aims to advance this expertise, substantially increasing fuel efficiency while reducing operating costs and CO2 emissions, initially for long-haul trucks and other heavy-duty applications. This technology could also be extended to other industrial segments across the complete power range, and will be suitable for all fuels, with ad hoc configuration for a range of liquid fuel and gas applications.
“The future of the powertrain industry will be characterized by an increasing drive towards reduced environmental impact and increased efficiency,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial. “With this acquisition FPT Industrial is further confirming its leading position in providing market-ready alternative propulsion solutions. Furthermore this will enable us to accelerate the integration of this disruptive technology into our commercial portfolio.”
“FPT Industrial is the ideal partner to take our proven and patented technology to the next level, delivering to the market advanced solutions, which we are sure will revolutionize the industrial propulsion world,” said Simon Brewster, Chief Executive Officer of Dolphin N2.
On December 18, 2019, CASE Construction Equipment, a brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), received the award from a jury composed of renowned international design professionals, leading industry specialists and design journalists. The methane-powered wheel loader, first unveiled in April 2019 at BAUMA, the world’s largest construction trade fair in Munich, Germany was chosen for its vision of the future of construction as a sustainable, connected and technologically advanced industry. As a winner of the award, ProjectTETRA will be featured in the Good Design Yearbook for 2019-2020.
The CASE wheel loader concept, jointly developed by the CASE engineering and CNH Industrial international design teams, reimagines wheel loader design. It demonstrates the viability of alternative fuels in construction equipment and the feasibility of using fuel generated from waste products and renewable sources. It is powered by a proven methane engine, produced by sister brand FPT Industrial, that delivers the same performance as its diesel equivalent. The innovative design includes cutting-edge styling and an advanced operator environment that makes extensive use of touchscreen and voice control technologies. The concept also offers innovative safety features that use biometric technologies and an obstacle detection system derived from CNH Industrial’s autonomous vehicle research and development programme.
The CASE methane-powered wheel loader concept has been tested in real-world construction environments, demonstrating its feasibility and proving its business case in terms of sustainability, reduced overall Total Cost of Ownership and operational viability.
On December 6, 2019, CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announced that the Company completed its acquisition (previously announced on November 4, 2019) of K Line Ag, an Australian agricultural tillage and residue management equipment manufacturer on December 2, 2019.
What’s Next? Make Sure To Review This Lesson On Dark Pool Trading!