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| Not sure what the primary driver of the current decline is other than not a rosey outlook for NA ag in the near future.
More concerning long term is the loss of captive engine supply with the sale of IVECO to Indian conglomerate TATA Motors. The sale includes FPT (Fiat Powertrain) so it will be interesting if they have a long term supply agreement as part of the sale or if CNH is at the mercy of the open market for engines going forward. | |
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CNH Industrial
