Actually there is more to the IH failure than a simple bonus, lots more. They were deep in debt. Then the Carter/Regan recession kicked in. Add in the grain embargo that tanked grain prices at the same time they were doing away with many of the subsidies. Interest rates went up. So IH failed. The same company that acquired Case, Tenneco, bought the IH AG line. They in turn sold it to FIAT in 1999, 14 years after IH closed it's doors.
As far as bringing back older design tractors? I'd have no problem with that say if you had a cut off, no designs prior to 1960. I've got an M, IH wide front. The thing is a pig to operate all day long doing work. It would need better seating, power steering, way better hydraulics, 12 volt system and a comfortable cab with AC before I'd buy one.
Now here is the real kicker. Say they did decide to build an M again. EPA requirements would see it with a computer controlled fuel injection and ignition system. So other than replacing plugs you'd have to learn those systems and have a scan tool to do any repairs.
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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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