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 JULY, 2002.
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- _______.)
[CNH LOGO] [BNP PARIBAS LEASE GROUP LOGO]
NEWS RELEASE
CNH AND BNP PARIBAS LEASE GROUP COMPLETE RETAIL FINANCING AGREEMENT
FOR MORE INFORMATION CONTACT:
JEFFREY T. WALSH CNH (1) 847 955 3939
MARK VENUS BPLG (33) 1 41 97 22 03
Lake Forest, IL (July 9, 2002) CNH Global N.V. (NYSE:CNH), a global leader in
agricultural and construction equipment, and BNP PARIBAS Lease Group (BPLG), the
leasing arm of BNP PARIBAS, the largest bank in the Euro zone by market
capitalization, have finalized their agreement to form a new long term retail
financing partnership across Europe, following completion of the regulatory
approval process. All the brands and commercial activities of CNH in Western
Europe will be covered by the agreement, which was first announced on May 13,
2002.
The significant expansion in the scope of activities has been made possible by
an agreement to modify the operating and funding structures of CNH Capital's
European operations. Under the new agreement, BPLG holds 50.1% of the shares of
CNH Capital Europe SAS, which holds the retail financing portfolio. CNH owns the
remaining shares. The primary responsibility of BPLG will be to provide funding
and administrative services for CNH Capital Europe SAS, while CNH Capital's own
European operations will have the primary responsibility for marketing and
origination of financial products.
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CNH is the number one manufacturer of agricultural tractors and combines in the
world, the third largest maker of construction equipment, and has one of the
industry's largest equipment finance operations. Revenues in 2001 totaled $9.7
billion. Based in the United States, CNH's network of dealers and distributors
operates in over 160 countries. CNH agricultural products are sold under the
Case IH, New Holland and Steyr brands. CNH construction equipment is sold under
the Case, Fiatallis, Fiat Kobelco, Kobelco, New Holland, and O&K brands.
BPLG is a 100% subsidiary of BNP PARIBAS and part of its Retail Banking arm,
specialized in the financing of capital goods to enterprises and professionals.
BPLG is the number one in the French market with a 21% market share, and is a
leader in Europe via its ten subsidiaries or branches. BPLG's specialty is its
capacity to structure and implement partnerships with manufacturers, resellers,
equipment importers and distributors that cover everything from simple
recommendation agreements to exclusive contracts and the creation of joint
ventures.
- CNH Global N.V. Global Management Office 100 South Saunders Rd, Lake Forest,
IL 60045 U.S.A. http://www.cnh.com -
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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/ Debra E. Kuper
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Debra E. Kuper
Assistant Secretary
July 11, 2002