CNH Industrial will sell 70% of its construction equipment business to Kobe Steel for $700 million.

CNH · CNH Industrial

The AI's read

The shift fits CNH's plan to focus on agriculture, but the source does not say how much sales or profit the construction business brings in. CNH also expects changes to its finances and debt without saying whether either will improve or worsen. It will keep a minority stake, and the sale still needs approvals.