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 - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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