It's a long story. They were doing good,loaned some money to White Motors in the 50s. Times got tight in ag in the late 50s and White wouldn't repay the loan. Two corporate raider brothers by the name of Mailman bought enough shares of Oliver stock to have controlling interest. They turned right around and sold it to White,so White bought control of Oliver using Olivers own money. By the late 60s-early 70s White was having tough times and milked Oliver as a cash cow just continuing to make the same old products that had been out for 10 years. They had some excellent patents and ideas,including a patent on the CVT transmission in the late 60s. I've seen pictures of the prototype that they were going to put that transmission in and if White had spent the money and tooled up to build that tractor they would have buried all the competition at the time. But,the truck division burned off all the equity of the ag division and that was the end of it all. Readers Digest version.
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Today's Featured Article - On the Road with Dave Gohl: Deere Departed Friend - by Dave Gohl. Have you ever had to part with a dear friend? It's not easy. If it's due to death, your feelings could be in disarray for days, months or even years. Even now after almost 4 years, I still miss my dad. I remember when I was a kid my dad sometimes would tuck my brother and I in at night and we would ask him questions about his childhood on the farm. To this day, it's some of the best stories I've ever heard. And now, I'm so glad that I asked those questions, and if I were a little smarter i
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