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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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