It was about 5-6 years late. Had the 50 and 30 series have been introduced instead of the 86 series IH wouldn't have started the 1980s in such a hole. Competition from JD, Case and even Ford had left their 4+2 + TA transmission in the dust.
IH could have made the strike work for them. They had a fairly large inventory when it started and it slowly burned off as the strike went on. When it was over they were in a great position to start the recession, but they did the exact opposite of what they should have done. Instead of maintaining their low inventories they ran balls to wall production sinking massive amounts of money into expensive equipment that sat unsold on dealers lots - some times for years. The massive carrying cost of that inventory (money borrowed at 20% to finance euipment that lost value as it sat on the dealers lot) is what broke them.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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