Why CNH Industrial Shares Are In Reverse Today
Shares of CNH Industrial (NYSE: CNHI) fell as much as 14% on Monday morning after the heavy equipment manufacturer completed the separation of its truck and bus unit. The new bus company is falling, too, as investors reassess the value of the businesses from here.
CNH is a European industrial heavyweight, formed via the 2013 merger between Case New Holland and Fiat's heavy equipment group. But the company of late has been focused on getting smaller, in 2019 announcing plans to split off the truck and bus division to focus on agriculture equipment.
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Source Fool.com