European agro-machinery and construction equipment giant CNH is planning to invest nearly $5 billion in the United States.

European agricultural machinery and construction equipment giant Case New Holland Industrial Group announced plans to invest nearly $5 billion in manufacturing and research facilities in the United States over the next five years. The company also stated that production at its assembly plant in Burlington, Iowa will cease before the second quarter of 2026 due to decreased demand and underutilization. The closure of the factory will affect approximately 200 employees.