Very true !! IH was having serious financial & management problems close to the end of the 50's to begin with, they could build as many tractors a year as the entire market could sell, they had become too efficient at building tractors & dealers had inventory they just couldn't sell.
The sales management pushed engineering on the new series to beat what they knew Deere was coming out with, they wanted to be the first with a six cylinder tractor, to try and maintain what sales they did have. They attempted to improve IH's bottom line with predicted sales of this new series tractor.
Previously on any new models, extensive field testing and attachment developement was completed prior to any release, and was then signed off by all senior branches of management.
They yielded to the pressure placed on them by the sales staff & it cost them Deerly. (sorry)
By the time the 06 series came out they had lost their share of the market
the 06's brought some of it back, but by then the competition had taken their hold.
This is just my personal opinion. I am by no means an expert, but this is how I understood it. I am sure there are more experienced people who worked there during that time that can share what they know also.
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