European agricultural and construction equipment leader CNH Industrial N.V. announced on Tuesday its plan to invest nearly $5 billion in US manufacturing and R&D facilities over the next five years.
CNH also stated it will cease production at its Burlington, Iowa assembly plant by Q2 2026 due to declining demand and underutilization. The plant closure will affect approximately 200 employees.
The company is scheduled to release its Q3 financial results on November 7th.
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