Exhibit 8.1

CNH INDUSTRIAL N.V. Subsidiaries

AT DECEMBER 31, 2013

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
CONTROLLING COMPANY
Parent Company
CNH Industrial N.V.	Amsterdam	Netherlands		18,233,420	EUR	—	—		—		—
SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS
Agricultural and Construction Equipment
Banco CNH Capital S.A.	Curitiba	Brazil		800,829,249	BRL	100.00	CNH Industrial N.V.		53.513
							CNH Industrial Capital U.K. Ltd		45.816
							CNH Latin America Ltda.		0.671
Bli Group Inc.	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC (nka CNH Industrial America LLC)		100.000
Blue Leaf I.P. Inc.	Wilmington	U.S.A.		1,000	USD	100.00	Bli Group Inc.		100.000
Blue Leaf Insurance Company	Burlington	U.S.A.		250,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Brazil Holdings Inc.	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Canada Receivables, Inc.	Calgary	Canada		1	CAD	100.00	CNH Capital America LLC (nka CNH Inudstrial Capital America LLC)		100.000
Case Construction Machinery (Shanghai) Co., Ltd	Shanghai	People’s Rep.of China		14,000,000	USD	100.00	CNH Industrial N.V.		100.000
Case Construction Machinery America LLC	Wilmington	U.S.A.		0	USD	100.00	New Holland Excavator Holdings LLC		100.000
Case Credit Holdings Limited	Wilmington	U.S.A.		5	USD	100.00	CNH Capital America LLC(nka CNH Industrial Capital America LLC)		100.000
Case Dealer Holding Company LLC	Wilmington	U.S.A.		1	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Equipment Holdings Limited	Wilmington	U.S.A.		5	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Equipment International Corporation	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Europe S.a.r.l.	Le Plessis-Belleville	France		7,622	EUR	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case Harvesting Systems GmbH	Berlin	Germany		281,211	EUR	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case India Limited	Wilmington	U.S.A.		5	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case International Marketing Inc.	Wilmington	U.S.A.		5	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case LBX Holdings Inc.	Wilmington	U.S.A.		5	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case New Holland Construction Equipment (India) Private Limited	Mumbai	India		240,100,000	INR	98.20	CNH America LLC(nka CNH Industrial America LLC		50.000
							New Holland Fiat (India) Private Limited		50.000
Case New Holland Inc. (nka Case New Holland Industrial Inc.)	Wilmington	U.S.A.		5	USD	100.00	CNH Industrial N.V.		100.000
Case New Holland Machinery (Harbin) Ltd.	Harbin	People’s Rep.of China		30,000,000	USD	100.00	CNH Industrial Asian Holding Limited N.V.		99.920
							CNH Industrial Europe Holding S.A.		0.080
CASE New Holland Machinery Trading (Shanghai) Co. Ltd.	Shanghai	People’s Rep.of China		2,250,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC		100.000
Case United Kingdom Limited	Basildon	United Kingdom		3,763,618	GBP	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
CNH (China) Management Co., Ltd.	Shanghai	People’s Rep.of China		12,000,000	USD	100.00	CNH Industrial N.V.		100.000
CNH (Shanghai) Equipment R&D Co., Ltd.	Shanghai	People’s Rep.of China		2,000,000	USD	100.00	CNH Industrial N.V.		100.000
CNH Administradora de Serviços Ltda.	Curitiba	Brazil		100,000	BRL	100.00	Banco CNH Capital S.A.		99.900
							CNH Latin America Ltda.(CNH Industrial Latin America Ltda.)		0.100
CNH America LLC (nka CNH Industrial America LLC)	Wilmington	U.S.A.		0	USD	100.00	Case New Holland Inc.(nka Case New Holland Industrial Inc.)		100.000
CNH Argentina S.A.	Buenos Aires	Argentina		100,246,105	ARS	100.00	New Holland Holding (Argentina) S.A.		76.176
							CNH Latin America Ltda. (nka CNH Industrial Latin America Ltda.)		23.824
CNH Australia Pty Limited	St. Marys	Australia		293,408,692	AUD	100.00	CNH Industrial N.V.		100.000
CNH Canada, Ltd. (nka CNH Industrial Canada, Ltd.)	Toronto	Canada		28,000,100	CAD	100.00	CNH Industrial N.V.		100.000
CNH Capital America LLC (nka CNH Industrial Capital America LLC)	Wilmington	U.S.A.		0	USD	100.00	CNH Capital LLC(nka CNH Industrial Capital LLC)		100.000
CNH Capital Australia Pty Limited	St. Marys	Australia		70,675,693	AUD	100.00	CNH Australia Pty Limited		100.000
CNH Capital Canada Ltd. (nka CNH Industrial Capital Canada Ltd.)	Calgary	Canada		100,000	CAD	100.00	Case Credit Holdings Limited		100.000
CNH Capital Equipment Loan and Lease Facility LLC	Wilmington	U.S.A.		5,000	USD	100.00	CNH Capital America LLC(nka CNH Industrial Capital America LLC)		100.000
CNH Capital Finance LLC	Wilmington	U.S.A.		5,000	USD	100.00	Case Credit Holdings Limited		100.000
CNH Capital LLC (nka CNH Industrial Capital LLC)	Wilmington	U.S.A.		0	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
CNH Capital Operating Lease Equipment Receivables LLC	Wilmington	U.S.A.		0	USD	100.00	CNH Capital America LLC(nka CNH Industrial Capital America LLC)		100.000
CNH Capital Receivables LLC	Wilmington	U.S.A.		0	USD	100.00	CNH Capital America LLC(nka CNH Industrial Capital America LLC)		100.000
CNH Componentes, S.A. de C.V.	Queretaro	Mexico		135,634,842	MXN	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
CNH Engine Corporation	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
CNH Financial Services GmbH	Heilbronn	Germany		1,151,000	EUR	100.00	CNH Industrial Europe Holding S.A.		100.000
CNH Financial Services S.A.S.	Morigny-Champigny	France		50,860,641	EUR	100.00	CNH Industrial N.V.		98.888
							CNH Industrial Capital Benelux NV		1.112
CNH Industrial (Russia) Commercial Operations B.V.	Amsterdam	Netherlands		35,300	EUR	100.00	CNH Industrial N.V.		100.000
CNH Industrial (Russia) Industrial Operations B.V.	Amsterdam	Netherlands		36,002	EUR	100.00	CNH Industrial N.V.		100.000
CNH Industrial Asian Holding Limited N.V.	Zedelgem	Belgium		34,594,401	EUR	100.00	CNH Industrial N.V.		100.000
CNH Industrial Baumaschinen GmbH	Berlin	Germany		61,355,030	EUR	100.00	CNH Industrial Europe Holding S.A.		100.000
CNH Industrial Belgium N.V.	Zedelgem	Belgium		372,115,574	EUR	100.00	CNH Industrial Europe Holding S.A.		100.000

Appendix I - CNH Industrial Group Companies at December 31, 2013    209

SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS (continued)

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
CNH Industrial BM GmbH	Wollersdorf	Austria		35,000	EUR	100.00	CNH Industrial Osterreich GmbH		100.000
CNH Industrial Capital Benelux NV	Zedelgem	Belgium		55,628,856	EUR	100.00	CNH Industrial N.V.		98.999
							CNH Industrial Capital U.K. Ltd		1.001
CNH INDUSTRIAL CAPITAL S.A.	Buenos Aires	Argentina		2,990,000	ARS	100.00	CNH Argentina S.A.		50.000
							Iveco Argentina S.A.		50.000
CNH Industrial Capital U.K. Ltd	Basildon	United Kingdom		10,000,001	GBP	100.00	CNH Industrial Capital Benelux NV		100.000
CNH Industrial Danmark A/S	Hvidovre	Denmark		12,000,000	DKK	100.00	CNH Industrial Europe Holding S.A.		100.000
CNH Industrial Deutschland GmbH	Heilbronn	Germany		18,457,650	EUR	100.00	CNH Industrial Baumaschinen GmbH		90.000
							CNH Industrial Europe Holding S.A.		10.000
CNH Industrial Europe Holding S.A.	Luxembourg	Luxembourg		100,000,000	USD	100.00	CNH Industrial N.V.		100.000
CNH Industrial Financial Services A/S	Hvidovre	Denmark		500,000	DKK	100.00	CNH Industrial N.V.		100.000
CNH Industrial France	Morigny-Champigny	France		427,965,450	EUR	100.00	CNH Industrial Europe Holding S.A.		100.000
CNH Industrial Italia s.p.a.	Turin	Italy		56,225,000	EUR	100.00	CNH Industrial N.V.		100.000
CNH Industrial Maquinaria Spain S.A.	Coslada	Spain		21,000,000	EUR	100.00	Iveco Espana S.L.		99.999
CNH Industrial Osterreich GmbH	St. Valentin	Austria		2,000,000	EUR	100.00	CNH Industrial N.V.		100.000
CNH Industrial Polska Sp. z o.o.	Plock	Poland		162,591,660	PLN	100.00	CNH Industrial Belgium N.V.		100.000
CNH Industrial Portugal-Comercio de Tractores e Maquinas Agricolas Ltda	Carnaxide	Portugal		498,798	EUR	100.00	CNH Industrial Europe Holding S.A.		99.980
							CNH Industrial Italia s.p.a.		0.020
CNH Industrial Services S.r.l.	Modena	Italy		10,400	EUR	100.00	CNH Industrial Italia s.p.a.		100.000
CNH Latin America Ltda. (nka CNH Industrial Latin America Ltda.)	Contagem	Brazil		1,037,711,513	BRL	100.00	CNH Industrial N.V.		85.658
							Case Brazil Holdings Inc.		12.557
							Case Equipment International Corporation		1.785
CNH Receivables LLC	Wilmington	U.S.A.		0	USD	100.00	CNH Capital America LLC		100.000
CNH Reman LLC	Wilmington	U.S.A.		4,000,000	USD	50.00	CNH America LLC(nka CNH Industrial America LLC)		50.000
CNH Services (Thailand) Limited	Bangkok	Thailand		10,000,000	THB	100.00	CNH Industrial Services S.r.l.		99.997
CNH U.K. Limited	Basildon	United Kingdom		91,262,275	GBP	100.00	New Holland Holding Limited		100.000
CNH Wholesale Receivables LLC	Wilmington	U.S.A.		0	USD	100.00	CNH Capital America LLC		100.000
CNHI International S.A.	Paradiso	Switzerland		100,000	CHF	100.00	CNH Industrial N.V.		100.000
Farmpower Pty Limited	St. Marys	Australia		360	AUD	100.00	CNH Australia Pty Limited		100.000
Fiatallis North America LLC	Wilmington	U.S.A.		32	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Flagship Dealer Holding Company, LLC	Wilmington	U.S.A.		1	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Flexi-Coil (U.K.) Limited	Basildon	United Kingdom		3,291,776	GBP	100.00	CNH Canada, Ltd.(nka CNH Industrial Canada, Ltd.)		100.000
HFI Holdings Inc.	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Limited Liability Company “CNH Parts and Service Operations”	Moscow	Russia		54,000,000	RUB	100.00	CNH Industrial N.V.		100.000
LLC CNH-KAMAZ Commerce	Khimki	Russia		20,408	RUB	100.00	CNH Industrial (Russia) Commercial Operations B.V.		100.000
LLC CNH-KAMAZ Industry	Naberezhnye Chenly	Russia		60,081,800	RUB	100.00	CNH Industrial (Russia) Industrial Operations B.V.		100.000
MBA AG	Bassersdorf	Switzerland		4,000,000	CHF	100.00	CNH Industrial N.V.		100.000
New Holland Construction Machinery S.p.A.	San Mauro Torinese	Italy		12,396,363	EUR	100.00	CNH Industrial Italia s.p.a.		100.000
New Holland Credit Company, LLC	Wilmington	U.S.A.		0	USD	100.00	CNH Capital LLC(nka CNH Industrial Capital LLC)		100.000
New Holland Excavator Holdings LLC	Wilmington	U.S.A.		0	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
New Holland Fiat (India) Private Limited	Mumbai	India		12,485,547,400	INR	96.41	CNH Industrial Asian Holding Limited N.V.		96.407		48.965
New Holland Holding (Argentina) S.A.	Buenos Aires	Argentina		23,555,415	ARS	100.00	CNH Latin America Ltda.(nka CNH Industrial Latin America Ltda.)		100.000
New Holland Holding Limited	Basildon	United Kingdom		106,328,601	GBP	100.00	CNH Industrial Europe Holding S.A.		100.000
New Holland Ltd	Basildon	United Kingdom		1,000,000	GBP	100.00	CNH Industrial N.V.		100.000
New Holland Tractor Ltd. N.V.	Antwerp	Belgium		9,631,500	EUR	100.00	New Holland Holding Limited		100.000
O & K - Hilfe GmbH	Berlin	Germany		25,565	EUR	100.00	CNH Industrial Baumaschinen GmbH		100.000
Pryor Foundry Inc.	Oklahoma City	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Receivables Credit II Corporation	Calgary	Canada		1	CAD	100.00	CNH Capital America LLC(nka CNH Industrial Capital America LLC)		100.000
Shanghai New Holland Agricultural Machinery Corporation Limited	Shanghai	People’s Rep.of China		67,000,000	USD	60.00	CNH Industrial Asian Holding Limited N.V.		60.000
Steyr Center Nord GmbH	Ruckersdorf-Harmannsdorf	Austria		35,000	EUR	100.00	CNH Industrial Osterreich GmbH		100.000
Uzcaseagroleasing LLC	Tashkent	Uzbekistan		5,000,000	USD	51.00	Case Credit Holdings Limited		51.000
UzCaseMash LLC	Tashkent	Uzbekistan		15,000,000	USD	60.00	Case Equipment Holdings Limited		60.000
UzCaseService LLC	Tashkent	Uzbekistan		5,000,000	USD	51.00	Case Equipment Holdings Limited		51.000
UzCaseTractor LLC	Tashkent	Uzbekistan		15,000,000	USD	51.00	Case Equipment Holdings Limited		51.000

Appendix I - CNH Industrial Group Companies at December 31, 2013    210

SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS (continued)

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
Trucks and Commercial Vehicles
Afin Bohemia s.r.o.	Prague	Czech Republic		1,000,000	CZK	100.00	Afin Leasing AG		100.000
Afin Bulgaria EAD	Sofia	Bulgaria		310,110	BGN	100.00	Iveco FS Holdings Limited		100.000
Afin Leasing AG	Vienna	Austria		1,500,000	EUR	100.00	Iveco International Trade Finance S.A.		100.000
Afin Slovakia S.R.O.	Bratislava	Slovack Republic		39,833	EUR	100.00	Iveco FS Holdings Limited		98.120
							Iveco Capital Limited		1.880
Afin Trade Bulgaria Eood	Sofia	Bulgaria		5,000	BGN	100.00	Afin Bulgaria EAD		100.000
Amce-Automotive Manufacturing Co.Ethiopia	Addis Ababa	Ethiopia		12,000,000	ETB	70.00	CNH Industrial N.V.		70.000
Astra Veicoli Industriali S.p.A.	Piacenza	Italy		10,400,000	EUR	100.00	Iveco S.p.A.		100.000
Effe Grundbesitz GmbH	Ulm	Germany		10,225,838	EUR	83.77	Iveco Investitions GmbH		90.000
F. Pegaso S.A.	Madrid	Spain		993,045	EUR	100.00	Iveco Espana S.L.		99.996
							Iveco Partecipazioni Finanziarie S.r.l.		0.004
Heuliez Bus S.A.	Mauléon	France		9,000,000	EUR	100.00	Société Charolaise de Participations S.A.		100.000
IAV-Industrie-Anlagen-Verpachtung GmbH	Ulm	Germany		25,565	EUR	88.42	Iveco Investitions GmbH		95.000
Irisbus Benelux Ltd.	Leudelange	Luxembourg		594,000	EUR	100.00	Iveco France		99.983
							Société Charolaise de Participations S.A.		0.017
Irisbus Italia S.p.A.	Turin	Italy		4,500,000	EUR	100.00	Iveco S.p.A.		100.000
Iveco (China) Commercial Vehicle Sales Co. Ltd	Shanghai	People’s Rep.of China		50,000,000	CNY	100.00	Iveco S.p.A.		100.000
Iveco (Schweiz) AG	Kloten	Switzerland		9,000,000	CHF	100.00	Iveco Nederland B.V.		100.000
Iveco Arac Sanayi VE Ticaret A.S.	Samandira-Kartal/Istanbul	Turkey		24,698,000	TRY	100.00	CNH Industrial N.V.		100.000
Iveco Argentina S.A.	Buenos Aires	Argentina		130,237,793	ARS	100.00	Iveco Espana S.L.		99.000
							Astra Veicoli Industriali S.p.A.		1.000
Iveco Austria GmbH	Vienna	Austria		6,178,000	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Bayern GmbH	Nuremberg	Germany		742,000	EUR	94.00	Iveco Magirus AG		100.000
Iveco Capital Broker de Asigurare—Reasigurare S.r.l.	Bucharest	Romenia		25,000	RON	100.00	Iveco Capital Leasing IFN S.A.		100.000
Iveco Capital Leasing IFN S.A.	Bucharest	Romenia		22,519,326	RON	100.00	Iveco FS Holdings Limited		100.000
Iveco Capital Limited	Watford	United Kingdom		798	GBP	100.00	Iveco FS Holdings Limited		100.000
Iveco Capital Russia LLC	Moscow	Russia		50,000,000	RUB	100.00	Afin Leasing AG		100.000
Iveco Capital SA	Paradiso	Switzerland		14,000,000	CHF	100.00	Iveco FS Holdings Limited		100.000
Iveco Czech Republic A.S.	Vysoke Myto	Czech Republic		1,065,559,000	CZK	97.98	Iveco France		97.978
Iveco Danmark A/S	Glostrup	Denmark		501,000	DKK	100.00	CNH Industrial N.V.		100.000
Iveco Espana S.L.
(business Trucks and Commercial Vehicles)	Madrid	Spain		132,333,109	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Est Sas	Hauconcourt	France		2,005,600	EUR	100.00	Iveco France		100.000
Iveco Finance AG	Kloten	Switzerland		1,500,000	CHF	100.00	Iveco Capital Limited		100.000
Iveco Finance GmbH	Heilbronn	Germany		75,775,000	EUR	100.00	Iveco Capital Limited		100.000
Iveco Finance Limited in liquidation	Watford	United Kingdom		3,000,100	GBP	100.00	Iveco Capital Limited		100.000
Iveco Finanziaria S.p.A.	Turin	Italy		145,000,000	EUR	100.00	Iveco Capital Limited		100.000
Iveco Finland OY	Espoo	Finland		100,000	EUR	100.00	CNH Industrial N.V.		100.000
Iveco France	Vénissieux	France		92,856,130	EUR	100.00	Iveco Espana S.L.		50.326
							CNH Industrial N.V.		49.674
Iveco FS Holdings Limited	Watford	United Kingdom		1,000	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Holdings Limited	Watford	United Kingdom		47,000,000	GBP	100.00	CNH Industrial N.V.		100.000
Iveco Insurance Vostok LLC	Moscow	Russia		740,000	RUB	100.00	Afin Leasing AG		100.000
Iveco International Trade Finance S.A.	Paradiso	Switzerland		30,800,000	CHF	100.00	Iveco FS Holdings Limited		100.000
Iveco Investitions GmbH	Ulm	Germany		2,556,459	EUR	93.08	Iveco Magirus AG		99.020
Iveco L.V.I. S.a.s.	Saint Priest	France		503,250	EUR	100.00	Iveco France		100.000
Iveco Latin America Ltda (business Trucks and Commercial Vehicles)	Vila da Serra	Brazil		366,180,646	BRL	100.00	Iveco Espana S.L.		100.000
Iveco Limited (business Trucks and Commercial Vehicles)	Watford	United Kingdom		117,000,000	GBP	100.00	Iveco Holdings Limited		100.000
Iveco Magirus AG	Ulm	Germany		50,000,000	EUR	94.00	CNH Industrial N.V.		88.340
(business Trucks and Commercial Vehicles)							Iveco S.p.A.		5.660
Iveco Magirus Fire Fighting GmbH	Weisweil	Germany		30,776,857	EUR	84.63	Iveco Magirus AG		90.032
Iveco Magyarorszag Kereskedelmi KFT	Budapest	Hungary		24,000,000	HUF	100.00	Afin Leasing AG		100.000
Iveco Nederland B.V.	Andelst	Netherlands		4,537,802	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Nord Nutzfahrzeuge GmbH	Hamburg	Germany		1,611,500	EUR	94.00	Iveco Magirus AG		100.000
Iveco Nord S.A.	Trappes	France		45,730	EUR	99.77	Iveco France		99.767
Iveco Nord-Ost Nutzfahrzeuge GmbH	Berlin	Germany		2,120,000	EUR	94.00	Iveco Magirus AG		100.000
Iveco Norge A.S.	Voyenenga	Norway		18,600,000	NOK	100.00	CNH Industrial N.V.		100.000

Appendix I - CNH Industrial Group Companies at December 31, 2013    211

SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS (continued)

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
Iveco Otomotiv Ticaret A.S.	Samandira-Kartal/Istanbul	Turkey		15,060,046	TRY	100.00	CNH Industrial N.V.		100.000
Iveco Partecipazioni Finanziarie S.r.l.	Turin	Italy		50,000,000	EUR	100.00	Iveco S.p.A.		100.000
Iveco Participations s.a.s.	Trappes	France		468,656	EUR	100.00	Iveco France		100.000
Iveco Pension Trustee Ltd	Watford	United Kingdom		2	GBP	100.00	Iveco Holdings Limited		50.000
							Iveco Limited		50.000
Iveco Poland Ltd.	Warsaw	Poland		46,974,500	PLN	100.00	CNH Industrial N.V.		100.000
Iveco Portugal-Comercio de Veiculos Industriais S.A.	Vila Franca de Xira	Portugal		15,962,000	EUR	100.00	CNH Industrial N.V.		99.997
							Astra Veicoli Industriali S.p.A.		0.001
Iveco Provence s.a.s.	Trappes	France		2,371,200	EUR	100.00	Iveco Participations s.a.s.		100.000
Iveco Retail Limited	Watford	United Kingdom		100	GBP	100.00	Iveco Holdings Limited		100.000
Iveco Romania S.r.l.	Bucharest	Romenia		17,500	RON	100.00	Afin Leasing AG		100.000
Iveco S.p.A.	Turin	Italy		200,000,000	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Slovakia, s.r.o.	Bratislava	Slovack Republic		6,639	EUR	97.98	Iveco Czech Republic A.S.		100.000
Iveco South Africa (Pty) Ltd.	Vorna Valley - Midrand	South Africa		15,000,750	ZAR	100.00	CNH Industrial N.V.		100.000
Iveco South Africa Works (Pty) Ltd	Cape Town	South Africa		1,000	ZAR	60.00	Iveco South Africa (Pty) Ltd.		60.000
Iveco Sud-West Nutzfahrzeuge GmbH	Mannheim-Neckarau	Germany		1,533,900	EUR	94.00	Iveco Magirus AG		100.000
Iveco Sweden A.B. (business Trucks and Commercial Vehicles)	Arlov	Sweden		600,000	SEK	100.00	CNH Industrial N.V.		100.000
Iveco Truck Services S.R.L.	Bucharest	Romenia		200	RON	100.00	Iveco Romania S.r.l.		95.000
							Iveco Magyarorszag Kereskedelmi KFT		5.000
Iveco Trucks Australia Limited	Dandenong	Australia		47,492,260	AUD	100.00	CNH Industrial N.V.		100.000
Iveco Ukraine LLC	Kiev	Ukraine		49,258,692	UAH	100.00	CNH Industrial N.V.		100.000
Iveco Venezuela C.A.	La Victoria	Venezuela		3,985,803	VEF	100.00	CNH Industrial N.V.		62.689
							Iveco S.p.A.		37.311
Iveco West Nutzfahrzeuge GmbH	Düsseldorf	Germany		3,017,000	EUR	94.00	Iveco Magirus AG		100.000
La Garde Chaberte S.C.I.	Trappes	France		2,000	EUR	100.00	Iveco Participations s.a.s.		99.500
							Iveco France		0.500
Le Logis De Villeneuve S.C.I.	Trappes	France		2,000	EUR	100.00	Iveco Participations s.a.s.		99.500
							Iveco France		0.500
Les Estroublans 2 S.C.I.	Trappes	France		2,000	EUR	100.00	Iveco Participations s.a.s.		99.500
							Iveco France		0.500
Les Estroublans de Vitrolle S.C.I.	Trappes	France		2,000	EUR	100.00	Iveco Participations s.a.s.		99.500
							Iveco France		0.500
Les Paluds D`Aubagne S.C.I.	Trappes	France		2,000	EUR	100.00	Iveco Participations s.a.s.		99.500
							Iveco France		0.500
MAGIRUS CAMIVA S.a.s. (societè par actions simplifièe)	Saint-Alban-Leysse	France		1,870,169	EUR	84.63	Iveco Magirus Fire Fighting GmbH		100.000
Magirus GmbH	Ulm	Germany		6,493,407	EUR	84.43	Iveco Magirus Fire Fighting GmbH		99.764
Magirus Lohr GmbH	Kainbach	Austria		1,271,775	EUR	84.43	Magirus GmbH		100.000
Mediterranea de Camiones S.L.	Valencia	Spain		48,080	EUR	100.00	Iveco Espana S.L.		99.875
							CNH Industrial N.V.		0.125
Officine Brennero S.p.A.	Trento	Italy		2,833,830	EUR	100.00	Iveco S.p.A.		100.000
OOO Iveco Russia	Moscow	Russia		868,545,000	RUB	100.00	CNH Industrial N.V.		99.960
							Afin Leasing AG		0.040
Puget Les Plaines S.C.I.	Trappes	France		132,631	EUR	100.00	Iveco Provence s.a.s.		99.885
							Iveco France		0.115
S.A. Iveco Belgium N.V.	Groot	Belgium		6,000,000	EUR	100.00	CNH Industrial N.V.		99.983
							Iveco Nederland B.V.		0.017
Seddon Atkinson Vehicles Ltd	Watford	United Kingdom		41,700,000	GBP	100.00	Iveco Holdings Limited		100.000
Société Charolaise de Participations S.A.	Vénissieux	France		2,370,000	EUR	100.00	Iveco Espana S.L.		100.000
Société de Diffusion de Vehicules Industriels-SDVI S.A.S.	Trappes	France		7,022,400	EUR	100.00	Iveco France		100.000
Transolver Finance S.A.	Trappes	France		9,468,219	EUR	100.00	CNH Industrial N.V.		100.000
Transolver Service S.A.	Madrid	Spain		610,000	EUR	100.00	Iveco FS Holdings Limited		99.984
							Iveco Espana S.L.		0.016
Transolver Services S.A.	Trappes	France		38,000	EUR	99.76	Iveco Capital Limited		99.760
UAB Iveco Capital Baltic	Vilnius	Lithuania		138,500	LTL	100.00	Iveco FS Holdings Limited		100.000
Utilitaries & Véhicules Industriels Franciliens-UVIF SAS	La Garenne	France		1,067,500	EUR	100.00	Iveco France		100.000
Zona Franca Alari Sepauto S.A.	Barcelona	Spain		520,560	EUR	51.87	Iveco Espana S.L.		51.867

Appendix I - CNH Industrial Group Companies at December 31, 2013    212

SUBSIDIARIES CONSOLIDATED ON A LINE-BY-LINE BASIS (continued)

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
Powertrain
2 H Energy S.A.S.	Fécamp	France		2,000,000	EUR	100.00	CNH Industrial Finance France S.A.		100.000
Fiat Powertrain Technologies Management (Shanghai) Co. Ltd.	Shanghai	People’s Rep.of China		2,000,000	USD	100.00	FPT Industrial S.p.A.		100.000
Fiat Powertrain Technologies of North America, Inc.	Wilmington	U.S.A.		1	USD	100.00	FPT Industrial S.p.A.		100.000
FPT - Powertrain Technologies France S.A.	Garchizy	France		73,444,960	EUR	100.00	Iveco France		97.200
							CNH Industrial Finance France S.A.		2.800
FPT Industrial Argentina S.A.	Buenos Aires	Argentina		141,959,867	ARS	100.00	FPT Industrial S.p.A.		96.977
							FPTI Representacao Comercial de Motores Automotivos Ltda		3.023
FPT Industrial S.p.A.	Turin	Italy		100,000,000	EUR	100.00	CNH Industrial N.V.		100.000
FPT Motorenforschung AG	Arbon	Switzerland		4,600,000	CHF	100.00	FPT Industrial S.p.A.		100.000
FPTI Representacao Comercial de Motores Automotivos Ltda	Nova Lima	Brazil		1,872,472	BRL	100.00	FPT Industrial S.p.A.		100.000
Iveco Espana S.L. (business Powertrain)	Madrid	Spain		132,333,109	EUR	100.00	CNH Industrial N.V.		100.000
Iveco Latin America Ltda (business Powertrain)	Vila da Serra	Brazil		366,180,646	BRL	100.00	Iveco Espana S.L.		100.000
Iveco Limited (business Powertrain)	Watford	United Kingdom		117,000,000	GBP	100.00	Iveco Holdings Limited		100.000
Iveco Magirus AG	Ulm	Germany		50,000,000	EUR	94.00	CNH Industrial N.V.		88.340
(business Powertrain)							Iveco S.p.A.		5.660
Iveco Sweden A.B. (business Powertrain)	Arlov	Sweden		600,000	SEK	100.00	CNH Industrial N.V.		100.000
SAIC Fiat Powertrain Hongyan Co. Ltd.	Chongqing	People’s Rep.of China		580,000,000	CNY	60.00	FPT Industrial S.p.A.		30,000
							SAIC IVECO Commercial Vehicle Investment Company Limited		60,000
Holding companies and Other companies
CNH Industrial Finance Europe S.A.	Luxembourg	Luxembourg		50,000,000	EUR	100.00	CNH Industrial N.V.		60.000
							CNH Industrial Finance S.p.A.		40.000
CNH Industrial Finance France S.A.	Trappes	France		1,000,000	EUR	100.00	CNH Industrial N.V.		99.998
CNH Industrial Finance North America Inc.	Wilmington	U.S.A.		25,000,000	USD	100.00	CNH Industrial N.V.		60.000
							CNH Industrial Finance S.p.A.		40.000
CNH Industrial Finance S.p.A.	Turin	Italy		100,000,000	EUR	100.00	CNH Industrial N.V.		100.000
JOINTLY-CONTROLLED ENTITIES ACCOUNTED FOR USING THE EQUITY METHOD
Agricultural and Construction Equipment
Case Mexico S.A. de C.V.	São Pedro Garza Garcia	Mexico		810,000	MXN	50.00	CNH de Mexico SA de CV		100.000
Case Special Excavators N.V.	Zedelgem	Belgium		1,100,000	EUR	50.00	CNH Industrial N.V.		50.000
CNH Comercial, SA de C.V.	São Pedro Garza Garcia	Mexico		160,050,000	MXN	50.00	CNH de Mexico SA de CV		100.000
CNH de Mexico SA de CV	São Pedro Garza Garcia	Mexico		165,276,000	MXN	50.00	CNH Industrial N.V.		50.000
CNH Industrial S.A. de C.V.	São Pedro Garza Garcia	Mexico		200,050,000	MXN	50.00	CNH de Mexico SA de CV		100.000
CNH Servicios Comerciales, S.A. de C.V., SOFOM, E.N.R.	São Pedro Garza Garcia	Mexico		50,000,000	MXN	49.00	CNH Industrial N.V.		49.000
CNH Servicios Corporativos S.A. de C.V.	São Pedro Garza Garcia	Mexico		375,000	MXN	50.00	CNH de Mexico SA de CV		99.999
New Holland HFT Japan Inc.	Sapporo	Japan		240,000,000	JPY	50.00	CNH Industrial N.V.		50.000
Turk Traktor Ve Ziraat Makineleri A.S.	Ankara	Turkey		53,369,000	TRY	37.50	CNH Industrial Osterreich GmbH		37.500
Trucks and Commercial Vehicles
Iveco - Oto Melara Società consortile r.l.	Rome	Italy		40,000	EUR	50.00	Iveco S.p.A.		50.000
Iveco Acentro S.p.A.	Cagliari	Italy		3,000,000	EUR	50.00	Iveco S.p.A.		50.000
Iveco Orecchia S.p.A.	Turin	Italy		8,000,000	EUR	50.00	Iveco S.p.A.		50.000
Naveco (Nanjing IVECO Motor Co.) Ltd.	Nanjing	People’s Rep.of China		2,527,000,000	CNY	50.00	Iveco S.p.A.		50.000
SAIC IVECO Commercial Vehicle Investment Company Limited	Shanghai	People’s Rep.of China		224,500,000	USD	50.00	Iveco S.p.A.		50.000
SAIC Iveco Hongyan Commercial Vehicles Co, Ltd.	Chongqing	People’s Rep.of China		1,900,000,000	CNY	33.50	SAIC IVECO Commercial Vehicle Investment Company Limited		67.000
Transolver Finance Establecimiento Financiero de Credito S.A.	Madrid	Spain		16,315,347	EUR	50.00	CNH Industrial N.V.		50.000
SUBSIDIARIES ACCOUNTED FOR USING THE EQUITY METHOD
Agricultural and Construction Equipment
Farmers New Holland Inc.	Wilmington	U.S.A.		800,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Jackson New Holland, Inc.	Wilmington	U.S.A.		371,000	USD	94.34	CNH America LLC(nka CNH Industrial America LLC)		94.340
Mid State New Holland, Inc.	Wilmington	U.S.A.		400,000	USD	87.50	CNH America LLC(nka CNH Industrial America LLC)		87.500
Northside New Holland Inc.	Wilmington	U.S.A.		250,000	USD	68.12	CNH America LLC(nka CNH Industrial America LLC)		68.120
Trucks and Commercial Vehicles
Iveco Colombia S.a.s.	Santa Fe’ de Bogota	Colombia		7,596,249,000	COP	100.00	Iveco Venezuela C.A.		99.990
							Iveco Latin America Ltda		0.010

Appendix I - CNH Industrial Group Companies at December 31, 2013    213

SUBSIDIARIES VALUED AT COST

Name	Registered Office	Country	Share capital		Currency	% of Group consolidation	Interest held by	% interest held		% of voting rights
Agricultural and Construction Equipment
Case Construction Equipment, Inc.	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Case IH Agricultural Equipment, Inc.	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Employers Health Initiatives LLC	Wilmington	U.S.A.		790,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
Fermec North America Inc.	Wilmington	U.S.A.		5	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
International Harvester Company	Wilmington	U.S.A.		1,000	USD	100.00	CNH America LLC(nka CNH Industrial America LLC)		100.000
J.I. Case Company Limited	Basildon	United Kingdom		2	GBP	100.00	Case United Kingdom Limited		100.000
RosCaseMash	Saratov	Russia		0	RUB	38.25	Case Equipment Holdings Limited		38.250		51.000
Trucks and Commercial Vehicles
Altra S.p.A.	Genoa	Italy		516,400	EUR	100.00	Iveco S.p.A.		100.000
MVPC LLC	Moscow	Russia		10,000	RUB	50.00	OOO Iveco Russia		50.000
Powertrain
Componentes Mecanicos S.A.	Barcelona	Spain		1,135,037	EUR	100.00	Iveco Espana S.L.		100.000
Holding companies and Other companies
New Industrial Business 1 s.r.l.	Turin	Italy		50,000	EUR	100.00	CNH Industrial N.V.		100.000
New Industrial Business 2 s.r.l.	Turin	Italy		50,000	EUR	100.00	CNH Industrial N.V.		100.000
New Industrial Business 3 s.r.l.	Turin	Italy		50,000	EUR	100.00	CNH Industrial N.V.		100.000
ASSOCIATED COMPANIES ACCOUNTED FOR USING THE EQUITY METHOD
Agricultural and Construction Equipment
Al-Ghazi Tractors Ltd	Karachi	Pakistan		214,682,225	PKR	43.17	CNH Industrial N.V.		43.169
CNH Capital Europe S.a.S. (nka CNH Industrial Capital Europe S.a.S.	Puteaux	France		88,482,297	EUR	49.90	CNH Industrial N.V.		49.900
Farm FZCO	Jebel Ali	United Arab Emirates		6,600,000	AED	28.79	CNH Industrial Italia s.p.a.		28.788
Trucks and Commercial Vehicles
GEIE V.IV.RE	Boulogne	France		0	EUR	50.00	Iveco S.p.A.		50.000
IVECO-AMT Ltd.	Miass	Russia		65,255,056	RUB	33.33	CNH Industrial N.V.		33.330
V.IVE.RE Gruppo Europeo di Interesse Economico	Turin	Italy		0	EUR	50.00	Iveco S.p.A.		50.000
ASSOCIATED COMPANIES VALUED AT COST
Agricultural and Construction Equipment
Consorzio Nido Industria Vallesina	Ancona	Italy		53,903	EUR	38.73	CNH Industrial Italia s.p.a.		38.728
Trucks and Commercial Vehicles
Sotra S.A.	Abidjan	Ivory Coast		3,000,000,000	XOF	39.80	Iveco France		39.800
Trucks & Bus Company	Tajoura	Libya		96,000,000	LYD	25.00	Iveco Espana S.L.		25.000
Holding companies and Other companies
CONSORZIO FIAT ENERGY	Turin	Italy		7,000	EUR	42.86	CNH Industrial Italia s.p.a.		14.286
							FPT Industrial S.p.A.		14.286
							Iveco S.p.A.		14.286
OTHER COMPANIES VALUED AT COST
Agricultural and Construction Equipment
Consorzio per lo Sviluppo delle Aziende Fornitrici in liquidation	Turin	Italy		241,961	EUR	10.67	CNH Industrial Italia s.p.a.		10.672
Nuova Didactica S.c. a r.l.	Modena	Italy		112,200	EUR	12.27	CNH Industrial Italia s.p.a.		12.273
Polagris S.A.	Pikieliszki	Lithuania		1,133,400	LTL	11.05	CNH Industrial Polska Sp. z o.o.		11.054
Holding companies and Other companies
CODEFIS Società consortile per azioni	Turin	Italy		120,000	EUR	19.00	CNH Industrial Capital U.K. Ltd		14.000
							Iveco Partecipazioni Finanziarie S.r.l.		5.000

Appendix I - CNH Industrial Group Companies at December 31, 2013    214