CNH Industrial N.V. (CNHI) to Exit Russia
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CNH Industrial announces its exit from Russia
April 19, 2023 4:30 PM EDTLondon, April 19, 2023
CNH Industrial announces today the divestiture of its business activities in Russia for a total consideration of approximately $60 million. This follows the Companys announcement in March 2022 that it was suspending supplies to this market. Up until today, the payment of employee salaries and other administrative expenses in Russia have been duly guaranteed.
Until March of 2022, the Company operated a corporate office in the Moscow region through which it managed the import and distribution of its products in Russia, regional business activities and commercial financing. Its industrial footprint included manufacturing sites for... More
