EXHIBIT 99.1:  PRESS RELEASE

[LOGO OF CNH GLOBAL N.V.]


News Release

For more information contact:

Bill Masterson          1.262.636.5793
Jeffrey T. Walsh        44.181.479.8809


For Immediate Release


CNH Created from Case and New Holland Merger;
Begins Trading Today on NYSE as CNH


     New York (November 15, 1999) - CNH (N:CNH), the company created from the
merger of Case Corporation and New Holland, will begin trading today on the New
York Stock Exchange as CNH. With combined revenues of approximately $12 billion
in 1998, CNH builds and markets several of the world's leading brands of
agricultural and construction equipment and is among the world's largest
equipment financing companies.
     "CNH is focused on generating value for all of its stakeholders," said
Jean-Pierre Rosso, CNH chairman and chief executive officer. "Customers will
continue to derive value from the brands they are loyal to, employees and
dealers will share in a global enterprise that will invest in the future, and
shareholders will benefit from a company that has a broad presence in geographic
and product market segments.
     "We have a world of opportunity before us," Rosso added. "We intend to grow
our combined business in established and developing markets, while aggressively
reducing costs through process improvements and increased efficiencies. Our
integration plans are progressing, and we will begin implementing them
immediately to realize the $400 to $500 million in annual savings over the next
three to four years that we have identified."
     The company plans to operate under a multiple brand, multiple distribution
business model. It will maintain its various agricultural equipment,
construction equipment and financial services brands and corresponding
distribution networks. Going forward, the company intends to design and build
its products on common platforms, but with differentiated features that appeal
to specific customer groups under the company's multiple brands. Financial
services products also will be offered under each of the brand organizations.
     CNH is committed to value creation for its stakeholders through a
combination of continuous growth and cost management. The company expects to
realize significant synergies as a result of the merger, coming from four
primary areas: purchasing and logistics; research and development; selling,
general and administrative; and industrial restructuring. The annual savings are
expected to be approximately $130 million in 2000 and grow to $400 to $500
million within the next three to four years.
     The company said it will account for the merger under the purchase method.
As a result, assets and liabilities will be revalued and the remaining purchase
price will be allocated to goodwill and intangibles.
     With strong global brands, CNH Global N.V. is a leader in the agricultural
equipment, construction equipment and financial services industries and had
combined 1998 revenues of approximately $12 billion. 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 largest equipment
finance companies in the world. Based in the United States, CNH has operations
in 16 countries and sells its products in 160 markets through a network of more
than 10,000 dealers and distributors. CNH products are sold under the following
brands: Case, Case IH, Fermec, Fiatallis, Fiat-Hitachi, Link-Belt, New Holland,
O&K and Steyr.

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