Posted by willie in mn on September 29, 2013 at 03:37:06 from (64.12.116.16):
In Reply to: Re: Got to thinking posted by ShadetreeRet on September 28, 2013 at 22:25:25:
Except if a person reads the whole history, it was the other way around. Starting with the 9n model in 39, Ford was to buld the tractors & sell to Ferguson for a set price. Ferguson was to build the implements & operate the dealerships, selling to the farmers at whatever price he could get. Henry I's son Edsel died in about 43, never got a chance to take over his father's business. Henry I died in about 45. His grandson (Edsel's son) Henry II took over & finally figured out that they had lost 16 million building tractors while Ferguson had made 9 million profit selling them. That led to Henry II breaking the agreement & coming out with the 8n model in late 47. Side note: the Massey family got out of the partnership in about 35, but by some agreement their name stayed on. Also 55 was the only year that carried all three names- Massy - Harris -Ferguson. Willie
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