CNH Retools Racine Plant as Farm Equipment Maker Prepares for U.S. Agriculture Recovery

CNH Industrial shares held gains of more than 13% as the agricultural equipment maker moved to overhaul a key U.S. factory. The stock move came as investors assessed the company's recovery plan.

The Racine, Wisconsin, plant is being retooled to prepare for an eventual recovery in American agriculture, a bet that demand will improve after a prolonged slump that has weighed on manufacturers.