CNH Industrial To Temporarily Close Several European Plants

(RTTNews) - CNH Industrial N.V. (CNHI) Wednesday announced that it will temporarily close several of its manufacturing facilities in Europe.

The company said it will shut down several of European agricultural, commercial vehicle and powertrain manufacturing facilities in response to ongoing disruptions to the procurement environment and shortages of core components, especially semiconductors.

CNH Industrial said it is constantly reviewing its production schedules in response to this highly dynamic environment and plans to shut the concerned plants for no longer than eight working days in the month of October.