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MarketScreener Homepage  >  Equities  >  Nyse  >  CNH Industrial N.V.    CNHI   NL0010545661

CNH INDUSTRIAL N.V.

(CNHI)
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CNH Industrial N : FPT Industrial is a key partner in innovative European Union backed sustainability projects to reduce emissions in truck and coach transport

10/13/2020 | 06:01am EST


London, October 13, 2020

FPT Industrial, the global powertrain brand of CNH Industrial (NYSE:CNHI / MI:CNHI), is spearheading research into the evaluation, testing and use of alternative fuels. The Brand’s commitment to deliver innovative low-emission powertrain solutions is demonstrated through its support of two European sustainability projects.

LONGRUN (the acronym stands for the development of efficient and environmentally friendly LONG-distance poweRtrain for heavy dUty trucks aNd coaches) is part of a European Union Horizon 2020 innovation programme which brings together 30 partners, including sister brand, IVECO, the Company’s commercial vehicles brand, from 13 countries across Europe. These partners are joining forces to accelerate the path towards a smarter and more sustainable future. The ambitious goal of the LONGRUN initiative is the reduction of real driving emissions and fuel consumption in the long-haul transport sector.

The project will also promote the design and development of efficient powertrains, including hybrids for both trucks and coaches. The partners will develop eight demonstration units (three engines, one hybrid driveline, two coaches and three trucks) so as to accelerate the transition from fossil-based fuels to alternative and renewable alternatives. The LONGRUN project will contribute to lowering the impact by developing different engines, drivelines and demonstrator vehicles with 10% energy and 10% CO2 savings, 30% lower exhaust emissions (NOx, CO and others), and 50% peak thermal efficiency.

FPT Industrial and IVECO were instrumental partners in the IMPERIUM project, (IMplementation of Powertrain Control for Economic and Clean Real driving EmIssion and ConsUMption), a consortium of major European truck and engine manufacturers, systems and services providers, Universities and Research Centers. The project’s aim, under the auspices of the European Commission and the European Green Vehicles Initiative EGVI, a contractual Public Private Partnership (cPPP), was to deliver environmentally friendly vehicles and mobility system solutions of the future.

The IMPERIUM consortium is responsible for 45% of the heavy-duty vehicles manufactured in the EU and can provide a 100% European value chain for the development of future powertrain control strategies for trucks.

The project’s principle objective was to achieve a 20% fuel consumption (diesel and urea) reduction, with consequent CO2 reductions compared to a model year 2014 vehicle. This led to the development of a new means of predictive and comprehensive powertrain control which maximises the full potential of the individual systems for each vehicle application and mission. The newly developed components have been first validated on various platforms such as Hardware in the Loop (HiL), engine testbed and demonstrator trucks, including an IVECO Stralis powered by FPT Industrial, and then further integrated into this environment for evaluation of their impact on the complete system.

These initiatives will ensure that Europe establishes itself at the forefront of both hybrid powertrain technology and internal combustion engines powered by renewable fuels thereby demonstrating that a multipower approach is vital in achieving these sustainable targets.

For further information on these projects:

https://h2020-longrun.eu/ and  http://www.imperium-project.eu/

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Sign up for corporate news alerts from the CNH Industrial Newsroom:
bit.ly/media-cnhindustrial-subscribe

Media contact:

Laura Overall                                                                 
Corporate Communications Manager
CNH Industrial
Tel. +44 (0)2077 660 338                 

Email: mediarelations@cnhind.com
www.cnhindustrial.com

Attachment

  • 20201013_PR_CNH_Industrial_FPT_Sustainability_Projects

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Source: CNH Industrial N.V.

2020 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2020 24 186 M - -
Net income 2020 -155 M - -
Net Debt 2020 1 303 M - -
P/E ratio 2020 -50,6x
Yield 2020 0,14%
Capitalization 14 959 M 14 959 M -
EV / Sales 2020 0,67x
EV / Sales 2021 0,59x
Nbr of Employees 63 499
Free-Float 55,8%
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Average target price 11,34 $
Last Close Price 11,07 $
Spread / Highest target 17,4%
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Spread / Lowest Target -23,3%
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Suzanne Heywood Chairman & Chief Executive Officer
Oddone Incisa della Rocchetta CFO & President-Financial Services
Jayanthi Iyengar Chief Technology Officer
Léo W. Houle Senior Independent Non-Executive Director
John B. Lanaway Independent Non-Executive Director
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