SOURCE: CNH

CNH

February 19, 2009 19:00 ET

CNH Board Recommends 2009 Dividend Suspension

BURR RIDGE, IL--(Marketwire - February 19, 2009) - The Board of Directors of CNH Global N.V. (NYSE: CNH) recommended that the Company suspend payment of its annual cash dividend for the current year.

While 2008 was an excellent year for CNH, in terms of both sales and profitability, the Board believes that in these times of economic turbulence the Company should conserve cash, while maintaining a prudent level of industrial investment.

The Board's recommendation is subject to the approval of shareholders at their annual general meeting scheduled for March 20, 2009.

CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by about 11,500 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE: CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.

Contact Information

  • For more information contact:
    Ralph Traviati
    News and Information
    (630) 887-2159

    Albert Trefts, Jr.
    Investor Relations
    (630) 887-2385