##### 



EXHIBIT 8.1 LIST OF MAJOR SUBSIDIARIES DIRECTLY (*) OR INDIRECTLY OWNED AT DECEMBER 31, 2004 (does not
include Dealer Development companies) OwnershipCompany Name
    
    Country
    
    PercentageAustoft Industries Ltd.
    
    Australia
    
    
    100Banco CNH Capital S.A. (*)
    
    Brazil
    
    
    100Bli Group, Inc.
    
    USA
    
    
    100Blue Leaf I.P., Inc.
    
    USA
    
    
    100Case Brazil Holdings, Inc.
    
    USA
    
    
    100Case Canada Receivables, Inc.
    
    Canada (Alberta)
    
    
    100Case Credit Australia Investments Pty Ltd
    
    Australia
    
    
    100Case Credit Holdings Limited
    
    USA
    
    
    100Case Credit Ltd.
    
    Canada (Alberta)
    
    
    100Case Credit Wholesale Pty Ltd
    
    Australia
    
    
    100Case Equipment Holdings Limited
    
    USA
    
    
    100Case Equipment International Corporation
    
    USA
    
    
    100Case Europe S.a.r.l.
    
    France
    
    
    100Case Harvesting Systems GmbH
    
    Germany
    
    
    100Case India Limited
    
    USA
    
    
    100Case International Marketing, Inc.
    
    USA
    
    
    100Case LBX Holdings, Inc.
    
    USA
    
    
    100Case Machinery (Shanghai) Co., Ltd.
    
    China
    
    
    100Case New Holland Inc. (*)
    
    USA
    
    
    100Case United Kingdom Limited
    
    United Kingdom
    
    
    100Case Wholesale Receivables Inc.
    
    USA
    
    
    100CNH America LLC
    
    USA
    
    
    100CNH Argentina S.A.
    
    Argentina
    
    
    100CNH Australia Pty Limited (*)
    
    Australia
    
    
    100CNH Baumaschinen GmbH
    
    Germany
    
    
    100CNH Belgium N.V.
    
    Belgium
    
    
    100




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##### 



OwnershipCompany Name
    
    Country
    
    PercentageCNH Canada, Ltd. (*)
    
    Canada (Ontario)
    
    
    100CNH Capital America LLC
    
    USA
    
    
    100CNH Capital Australia Pty Limited
    
    Australia
    
    
    100CNH Capital Benelux (*)
    
    Belgium
    
    
    100CNH Capital (Europe) Plc
    
    Ireland
    
    
    100CNH Capital Insurance Agency Inc.
    
    USA
    
    
    100CNH Capital LLC
    
    USA
    
    
    100CNH Capital Plc (*)
    
    Ireland
    
    
    100CNH Capital Receivables LLC
    
    USA
    
    
    100CNH Capital U.K. Ltd. (*)
    
    United Kingdom
    
    
    100CNH Componentes, S.A. de C.V.
    
    Mexico
    
    
    100CNH Danmark A/S
    
    Denmark
    
    
    100CNH Deutschland GmbH
    
    Germany
    
    
    100CNH Engine Corporation
    
    USA
    
    
    100CNH Financial Services (*)
    
    France
    
    
    100CNH Financial Services A/S (*)
    
    Denmark
    
    
    100CNH Financial Services GmbH
    
    Germany
    
    
    100CNH Financial Services Srl (*)
    
    Italy
    
    
    100CNH France S.A.
    
    France
    
    
    100CNH International S.A. (*)
    
    Luxembourg
    
    
    100CNH Italia S.p.A. (*)
    
    Italy
    
    
    100CNH Latin America Ltda. (*)
    
    Brazil
    
    
    100CNH Maquinaria Spain, S.A.
    
    Spain
    
    
    100CNH Osterreich GmbH (*)
    
    Austria
    
    
    100CNH Polska Sp.zo.o.
    
    Poland
    
    
    100CNH Portugal Comercio de Tractores e
Maquinas Agricolas, Ltda.
    
    Portugal
    
    
    100CNH Receivables LLC
    
    USA
    
    
    100CNH Servicos Tecnicos e Desenvolvimento
de Negocios Ltda.
    
    Brazil
    
    
    100CNH Trade N.V. (*)
    
    Netherlands
    
    
    100CNH U.K. Limited
    
    United Kingdom
    
    
    100
 2




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##### 



OwnershipCompany Name
    
    Country
    
    PercentageCNH Wholesale Receivables LLC
    
    USA
    
    
    100Fermec North America, Inc.
    
    USA
    
    
    100Fiatallis North America LLC
    
    USA
    
    
    100Flexi-Coil (U.K.) Limited
    
    United Kingdom
    
    
    100Harbin New Holland Tractors Co., Ltd.
    
    China
    
    
    100HFI Holdings, Inc.
    
    USA
    
    
    100International Harvester Company
    
    USA
    
    
    100J.I. Case Company Limited
    
    United Kingdom
    
    
    100MBA AG (*)
    
    Switzerland
    
    
    100New Holland Australia Pty Ltd
    
    Australia
    
    
    100New Holland (Canada) Credit Company
    
    Canada (Ontario)
    
    
    100New Holland (Canada) Credit Holding Ltd.
    
    Canada
    
    
    100New Holland Canada, Ltd.
    
    Canada
    
    
    100New Holland Credit Australia Pty Limited
    
    Australia
    
    
    100New Holland Credit Company, LLC
    
    USA
    
    
    100New Holland Excavator Holdings LLC
    
    USA
    
    
    100New Holland Financial Services Limited (*)
    
    United Kingdom
    
    
    100New Holland Holding Limited
    
    United Kingdom
    
    
    100New Holland Holdings (Argentina) S.A.
    
    Argentina
    
    
    100New Holland Limited (*)
    
    United Kingdom
    
    
    100New Holland Mauritius (Private) Limited (*)
    
    Mauritius
    
    
    100New Holland Tractor Limited N.V.
    
    Belgium/U.K.
    
    
    100New Holland Tractors (India) Private Limited
    
    India
    
    
    100O&K Hilfe GmbH
    
    Germany
    
    
    100Pryor Foundry, Inc.
    
    USA
    
    
    100Receivables Credit II Corporation
    
    Canada (Alberta)
    
    
    100Fiat Kobelco Construction Machinery
Belgium S.A.
    
    Belgium
    
    
    75Fiat Kobelco Construction Machinery S.p.A.(*)
    
    Italy
    
    
    75Kobelco Construction Machinery Europe B.V.
    
    Netherlands
    
    
    75Kobelco Construction Machinery America LLC
    
    USA
    
    
    65
 3




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##### 



OwnershipCompany Name
    
    Country
    
    PercentageShanghai New Holland Agricultural
Machinery Corporation Limited
    
    China
    
    
    60UzCaseMash LLC
    
    Uzbekistan
    
    
    60UZCaseagroleasing LLC
    
    Uzbekistan
    
    
    51UzCaseService LLC
    
    Uzbekistan
    
    
    51UzCaseTractor LLC
    
    Uzbekistan
    
    
    51CNH Capital Europe S.A.S. (*)
    
    France
    
    
    50Consolidated Diesel Company
    
    USA
    
    
    50Employers Health Initiatives, LLC
    
    USA
    
    
    50L&T Case Equipment Private Limited
    
    India
    
    
    50LBX Company LLC
    
    USA
    
    
    50CNH de Mexico, S.A. de C.V. (*)
    
    Mexico
    
    
    50New Holland HFT Japan, Inc. (*)
    
    Japan
    
    
    50New Holland Finance Ltd. (*)
    
    United Kingdom
    
    
    49Consorzio Cofhirete
    
    Italy
    
    
    48Al-Ghazi Tractors Ltd. (*)
    
    Pakistan
    
    
    43Megavolt, L.P., L.L.L.P.
    
    USA
    
    
    40New Holland Trakmak Traktor ve
Ziraat Makineleri A.S. (*)
    
    Turkey
    
    
    38RosCaseMash
    
    Russia
    
    
    38Turk Traktor ve Ziraat Makineleri A.S. (*)
    
    Turkey
    
    
    38European Engine Alliance EEIG
    
    United Kingdom
    
    
    33European Engine Alliance Scrl (*)
    
    Italy
    
    
    33Fiat Gra. De EEIG (*)
    
    United Kingdom
    
    
    23Kobelco Construction Machinery Company Ltd.
    
    Japan
    
    
    20Isvor Fiat S.c.p.A.
    
    Italy
    
    
    12Nuova Didactica S.c.a.r.l.
    
    Italy
    
    
    12Polagris S.A.
    
    Lithuania
    
    
    11Consaf
    
    Italy
    
    
    11Brahma Steyr Tractors Limited
    
    India
    
    
    10Corporation for the Romanian Agricultural
Project Srl
    
    Romania
    
    
    10
 4




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##### 



OwnershipCompany Name
    
    Country
    
    PercentageFiat-Revisione Interna e Ispettorato Scrl (*)
    
    Italy
    
    
    10Sadi Brasil Ltda.
    
    Brazil
    
    
    10
 5