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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF NOVEMBER, 2000.
CNH GLOBAL N.V.
(TRANSLATION OF REGISTRANT'S NAME INTO ENGLISH)
WORLD TRADE CENTER
TOWER B, 10TH FLOOR
AMSTERDAM AIRPORT
THE NETHERLANDS
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- _______.)
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[CNH LOGO]
NEWS RELEASE
For Immediate Release
CNH ANNOUNCES PLANS FOR TRACTOR ASSEMBLY
OPERATIONS IN RACINE
For more Racine, Wisconsin (November 17, 2000) - CNH Global
information contact: (N:CNH) said today that it will create a tractor
assembly operation in Racine, Wisconsin, separate from
William B. Masterson the existing tractor production facility that the
01 262 636 5793 company previously said it would close. The assembly
operation will be at the same location as the company's
transmission plant in Racine and will supply large,
row-crop tractors for North America and other markets
around the world.
The company recently finalized a $5.625 million
economic incentive package from the state of Wisconsin
that, together with a new work agreement reached with
United Auto Workers last week, make it possible for the
company to develop the new assembly operation. In
addition, the Racine County Economic Development
Corporation will provide a $400,000 loan for the
project. Based upon current production levels, the
operation is expected to employ approximately 125
hourly workers. However, employment would flex in
accordance with production levels. The agricultural
equipment market is currently in a low demand period,
as a result of low farm commodity prices. The labor
agreement also makes it possible for CNH to proceed
with negotiations to sell its foundry, which is
adjacent to the Racine tractor plant.
"I am extremely pleased that we were able to work
together with the union and state and local government
officials to keep Racine a source for supplying
tractors," said Jean-Pierre Rosso, chairman. "This
solution fits well with our industrial consolidation
effort and will make CNH more competitive, while
ensuring a high quality tractor for our customers,
based upon a global product platform."
"We are in the midst of a multi-year integration plan
that is expected to create at least $600 million in
synergies for CNH and an assembly operation for
row-crop tractors is consistent with our goal of
lowering fixed costs and leveraging our production
volume for greater efficiency," added Paolo Monferino,
president and chief executive officer. "This is a
positive solution for everyone."
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CNH announced in June 2000 that it would close the
current tractor manufacturing plant in Racine as part
of a worldwide consolidation of the company's
industrial operations. The company was considering
several options for production of row-crop tractors,
including consolidating tractor manufacturing at
another CNH facility. In North America, CNH makes
four-wheel-drive tractors at its plant in Fargo, North
Dakota, and assembles compact tractors at its Dublin,
Georgia, plant.
With strong global brands, CNH is a leader in the
agricultural equipment, construction equipment and
financial services industries and had combined 1999
revenues of approximately $11 billion. CNH sells its
products in 160 markets through a network of more than
10,000 dealers and distributors. CNH products are sold
under the following brands: Case, Case IH, Fermec,
Fiatallis, Fiat-Hitachi, Link-Belt earth-moving
equipment, New Holland, New Holland Construction, O&K
and Steyr.
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934,
THE REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED, THEREUNTO DULY AUTHORIZED.
CNH Global N.V.
By: /s/ Kevin J. Hallagan
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Kevin J. Hallagan
Vice President, Associate General
Counsel and Assistant Secretary
November 20, 2000
