Re: Another Reason IH Went Broke

Posted by Kelly C on January 04, 2004 at 15:24:36 from (63.171.43.140):

In Reply to: Another Reason IH Went Broke posted by hagan on January 04, 2004 at 14:10:23:

Couple of opinins I have after reading a little about it.
IH was up to thier eyes in debt and losses from nonfarm related products. With a shrinking market om thier hands. All the R&D money was going to service debt not coming out with new stuff.
They were caught in the same kind of boat in the late 30's from the depression. Yet by not having all that nonfarm related stuff they still put R&D into the new Farmall's. Even with as great a product as the letter series was I dont think they would have made it with out WW2 coming along.
No big War in the 80's to bail them out. ( good thing too)
Thats what happens when you get to many irons in the fire and no one is making sure they come out. Just keep putting them in.

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