The Fiat auto division has been hard pressed to turn a profit in the past years. Fiat is sometimes cash starved. The agriculture/construction division CNH, has been a consistent profit maker but ties up a large amount of capital. Fiat has talked about selling CNH just to generate capital for the auto division.
The trouble is there are few companies or investors that are interested because of the huge amount of capital required for the purchase as outlined in the past. Also there is a political component as the Italian government is part owner of Fiat. This often seems to push the auto division as a higher priority as there are more jobs in Fiat's European auto plants than the CNH plants.
I think if the Fiat/Renault merger happens than the possibility of CNH being sold is greater just because of monetary demands on Fiat as a company. Also world wide commodity prices seem to be dropping which will make it hard to keep the new equipment sales volume up.
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Today's Featured Article - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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