Ahh, tis the annual season for stupid useless conjecture... Why do these rumours crop up every year around this time? Do you have an actual source? If you do, print it... because I can't find it. What I did find shows CNH to be modestly profitable... considering they have gross earnings of 631 million Euro.... not too far off of 1 billon US dollars. This seems to be an annual event to speculate who will be buying CNH this year; most of the rumour driven by AGCO, who would like to think they can buy it... and Marchionne stating quite clearly that it's NOT for sale. Considering it's the main profit center that Agnelli's holding company has at the moment, it's not likely to be sold unless they were severely strapped for cash.... My assumption... at the moment, it's not going anywhere. They've spent the last 25 years building the second largest AG/Industrial manufacturer in the world. There's not a lot of options to sell that. What has been their habit over the years.... if they need cash... they float a bunch of stock and dilute their own holdings in the company, then when things improve, they reinvest. It's how they bought Ford. It's how they bought CaseIH from Tennco... and various others. Chrysler, they got hold of at fire sale pricing.
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Today's Featured Article - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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