(Reuters) -Farm and construction equipment maker CNH Industrial said on Tuesday it will invest nearly $5 billion over five years into manufacturing and research and development facilities in the United States.
CNH also said it will stop production at its Burlington, Iowa, assembly plant by the second quarter of 2026, citing declining demand and underutilization.
It said the plant closure would affect about 200 employees.
The company will report its third-quarter earnings on November 7.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Alan Barona)
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