CNH Industrial N.V. (NYSE: CNHI) reported results for the three months ended March 31, 2024, with net income of $402 million compared with net income of $486 million for the three months ended March 31, 2023.

CNH Industrial plans to lay off more than 200 out of the 660 workers at its Racine, Wis., facility and is considering moving operations to Mexico, according to an April 16 statement from Wisconsin Senator Tammy Baldwin addressed to CNH Industrial CEO Scott Wine.

In an April 22 note to CNH dealers seen by Farm Equipment, Scott Wine stated his decision to leave the company was due to his inability to commit to the next 3-year business cycle.

Farm Equipment editors encounter a variety of articles, social media posts, podcasts and videos that offer a unique look at various aspects of our great farm machinery industry. Here is our favorite content from the past week. The Best of the Web This Week series is brought to you by CLEANFIX.

According to a Jan. 23 press release from CNH Industrial, striking workers at 2 CNH Industrial factories represented by UAW have ratified a labor agreement and ended a strike that began in May 2022.