Posted by oldtanker on December 10, 2013 at 22:55:19 from (66.228.255.116):
Can't find it now but I read an article in what is now the AM of yesterday that stated dismal sales of FIAT cars both in the US (little over 6,000 units in Aug 2013) and Europe were causing Fiat to up it's game (Fiat's total loss of market share sense 09 is about 42%). They plan on spending 12 billion over the next couple of years redesigning cars to better compete in the markets, both in the US and in Europe. Not too bad sense FIAT cars, as a stand alone company has been losing money sense 2011 with losses of 304 million for the first 3/4 of this year. The article stated that FIAT has been looking for a buyer for CNHI (what they are calling it now) but that so far there has been little interest. According to the writer FAIT says there isn't enough profit in building and selling AG equipment today. Now lets all be cool headed, IH is dead and the IH some of us love can never be reborn. Even if the name was resurrected it would live on in name only. Only the name could come back. But the big question is what is the future of CNHI? Will the company carry one under FIAT? Will FIAT find a buyer? Will FIAT decided to just shut it down and sell off the assets (Fiat has done that in the past)? If it sells will it become like AGCO where most of the names go away?
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