| __timestamp | CNH Industrial N.V. | Westinghouse Air Brake Technologies Corporation |
|---|---|---|
| Wednesday, January 1, 2014 | 1106000000 | 61886000 |
| Thursday, January 1, 2015 | 856000000 | 71213000 |
| Friday, January 1, 2016 | 860000000 | 71375000 |
| Sunday, January 1, 2017 | 957000000 | 95166000 |
| Monday, January 1, 2018 | 1061000000 | 87450000 |
| Tuesday, January 1, 2019 | 1030000000 | 209900000 |
| Wednesday, January 1, 2020 | 932000000 | 162100000 |
| Friday, January 1, 2021 | 1236000000 | 176000000 |
| Saturday, January 1, 2022 | 866000000 | 209000000 |
| Sunday, January 1, 2023 | 1041000000 | 218000000 |
| Monday, January 1, 2024 | 206000000 |
In pursuit of knowledge
In the ever-evolving landscape of industrial innovation, research and development (R&D) spending is a critical indicator of a company's commitment to future growth. Over the past decade, CNH Industrial N.V. and Westinghouse Air Brake Technologies Corporation have demonstrated contrasting approaches to R&D investment.
From 2014 to 2023, CNH Industrial N.V. consistently allocated a significant portion of its resources to R&D, with an average annual expenditure of approximately $995 million. This investment underscores their strategic focus on innovation, despite a slight decline of around 7% in recent years. In contrast, Westinghouse Air Brake Technologies Corporation has shown a remarkable upward trend, increasing its R&D spending by over 250% from 2014 to 2023, reaching $218 million in 2023.
This data highlights the dynamic strategies of these industrial giants, reflecting their unique priorities in the competitive global market.
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