CNH Industrial's IVECO BUS Initiates Deliveries In Brazil

CNH Industrial N.V.’s (NYSE:CNHI) IVECO BUS brand has started delivering 900 school buses to the government of Minas Gerais, Brazil. The bus models include CityClass, WayClass, SoulClass and SeniorClass. This marks world’s largest delivery of school buses enabled with special needs accessibility.

Fitted with a mobile armchair device, buses will be used by public school students of Minas Gerais. The addition of the armchair device will help operators and passengers with reduced mobility, enabling them to travel comfortably.

Initiating the delivery is a key development for IVECO BUS, which is making efforts to expand in LATAM (constituting the Central and South America, and the Caribbean Islands).

CNH Industrial N.V. Price and Consensus

IVECO BUS, which offers an entire range of chassis and buildup vehicles, was launched in 2014. Later, in 2016, the accessibility device was introduced by IVECO BUS in Brazil. The device places a set outside the bus, helping passengers — with special needs — to board and disembark in the seat.

CNH Industrial offers vehicles for agricultural and industrial purposes. Its products range from tractors to trucks and buses as well as powertrain solutions for off and on-road, and marine vehicles.

Price Performance

In the past six months, CNH Industrial’s stock has moved down 16.5%, underperforming 3.4% decline of the industry it belongs to.

Zacks Rank & Stocks to Consider

Currently, CNH Industrial has a Zacks Rank #3 (Hold). A few better-ranked stocks in the auto space are Allison Transmission Holdings, Inc. (NYSE:ALSN) , Oshkosh Corporation (NYSE:OSK) and Ferrari N.V. (NYSE:RACE) . Allison Transmission and Oshkosh sport a Zacks Rank #1 (Strong Buy) while Ferrari carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Allison Transmission has an expected long-term growth rate of 10%. Shares of the company have risen 13.5% over the past year.

Oshkosh has an expected long-term growth rate of 18.3%. Shares of the company have risen 6.9% over the past year.

Ferrari has an expected long-term growth rate of 17.3%. Shares of the company have risen 65.7% over the past year.

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