It was about 5-6 years late. Had the 50 and 30 series have been introduced instead of the 86 series IH wouldn't have started the 1980s in such a hole. Competition from JD, Case and even Ford had left their 4+2 + TA transmission in the dust.
IH could have made the strike work for them. They had a fairly large inventory when it started and it slowly burned off as the strike went on. When it was over they were in a great position to start the recession, but they did the exact opposite of what they should have done. Instead of maintaining their low inventories they ran balls to wall production sinking massive amounts of money into expensive equipment that sat unsold on dealers lots - some times for years. The massive carrying cost of that inventory (money borrowed at 20% to finance euipment that lost value as it sat on the dealers lot) is what broke them.
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Today's Featured Article - Pitfalls of Tractor Engine Rebuilds - by Chris Pratt. The first pop after you have put the machine together with your own hands is exciting and pleasing. The whole experience can be marred if one moves too fast and makes too many assumptions that they can just use "as is" some parts they should be closely scrutinizing and possibly attended to. In such cases, rework makes what could have been a fun project turn into an irritant or even a nightmare. Minor Irritants To give you an example of an minor but irritating proble
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