Lot of things went wrong but most of it goes into poor management. Most manufacturers want to have 90 days minimum cash on hand for materials to make whatever it is they make. Some like even more. So most of industry likes about a 5-7% NET profit. IH's target was 2% to give investors a better return on their investment. Then add in things like staying with the TA instead of going with a power shift. The poor hydraulics mentioned by others. There was more than one reason people started buying other brands.
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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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