CNH Industrial completed the demerger of its business units.

CNH Industrial, a capital goods company, completed the demerger of its business units into On-Highway assets, comprising of pro-forma industrial activities, commercial vehicle brands, and FPT Industrial powertrain business, and Off-Highway assets comprising of agriculture, construction business, and specialty vehicles. “The bold plan will lead to the creation of two new global leaders in their respective fields. The Board of Directors strongly supports this ambitious strategy and its confidence is underpinned by the rigorous work undertaken to formulate it,” Suzanne Heywood, CNH Industrial Chairman.