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CNH Announces Changes in Its Alliance With Kobelco Construction

CNH Announces Changes in Its Alliance With Kobelco Construction
Machinery 
BURR RIDGE, IL -- (Marketwire) -- 12/26/12 --  CNH Global N.V. (NYSE:
CNH), a global leader in the construction and agricultural equipment
businesses, today announced that as a result of an ongoing strategic
review of its construction equipment business, it is moving into the
next phase of agreements with Kobelco Construction Machinery Co.,
Ltd. 
Under the new, non-exclusive licensing and supply agreements, which
take effect on January 1, 2013, CNH and Kobelco Construction
Machinery are unwinding their joint ownership and equity
participations in all the companies formed in connection with their
previous alliance and eliminating any geographical exclusivity rights
associated with their agreements. CNH will continue to manufacture
hydraulic excavators incorporating current Kobelco technology at its
Calhoun, GA, USA, San Mauro, Italy and Belo Horizonte, Brazil,
manufacturing facilities and will continue to source select models,
including short-radius excavators, from Kobelco in Japan for no less
than five years and component parts no less than ten years. 
Moving forward, CNH will market full-sized excavators featuring
Kobelco technology under its New Holland Construction brand and
compact excavators under its New Holland Construction and Case
Construction Equipment brands. 
"This change in our relationship gives CNH Construction Equipment the
opportunity to build a stronger future for our customers, dealers and
overall business," said Mario Gasparri, Head of CNH's Construction
Equipment brands. "This change is vital because it lets us directly
manage our business in all regions around the globe, including the
Asia-Pacific region, which is home to the world's fastest-growing
construction equipment markets. More than that, it allows us to
leverage the industry-leading technologies and resources available to
us as part of CNH Global and Fiat Industrial to better address
customer needs."  
CNH Global N.V. is a world leader in the agricultural and
construction equipment businesses. Supported by approximately 11,300
dealers in approximately 170 countries, CNH brings together the
knowledge and heritage of its Case and New Holland brand families
with the strength and resources of its worldwide commercial,
industrial, product support and finance organizations. CNH Global
N.V., whose stock is listed on the New York Stock Exchange (NYSE:
CNH), is a majority-owned subsidiary of Fiat Industrial S.p.A.
(FI.MI). More information about CNH and its Case and New Holland
products can be found online at www.cnh.com.  
For more information contact:  
CNH Corporate Communications
+1 (630) 887-3823 
CNH Investor Relations
+1 (630) 887-3745 
 
 
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