CNH Industrial to cease all Construction Equipment sales in China by Dec 31, 2022

CNH Industrial N.V.

2021 sales of Construction Equipment in China totaled approximately $88 million.
Company does not expect to incur significant charges from the cessation.
Decision is part of ongoing turnaround plan for global Construction business.
Will continue supporting existing CASE Construction machine fleet in China.
Other CNH Industrial activities in China remain unchanged.

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