Ahh, tis the annual season for stupid useless conjecture... Why do these rumours crop up every year around this time? Do you have an actual source? If you do, print it... because I can't find it. What I did find shows CNH to be modestly profitable... considering they have gross earnings of 631 million Euro.... not too far off of 1 billon US dollars. This seems to be an annual event to speculate who will be buying CNH this year; most of the rumour driven by AGCO, who would like to think they can buy it... and Marchionne stating quite clearly that it's NOT for sale. Considering it's the main profit center that Agnelli's holding company has at the moment, it's not likely to be sold unless they were severely strapped for cash.... My assumption... at the moment, it's not going anywhere. They've spent the last 25 years building the second largest AG/Industrial manufacturer in the world. There's not a lot of options to sell that. What has been their habit over the years.... if they need cash... they float a bunch of stock and dilute their own holdings in the company, then when things improve, they reinvest. It's how they bought Ford. It's how they bought CaseIH from Tennco... and various others. Chrysler, they got hold of at fire sale pricing.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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