Lot of things went wrong but most of it goes into poor management. Most manufacturers want to have 90 days minimum cash on hand for materials to make whatever it is they make. Some like even more. So most of industry likes about a 5-7% NET profit. IH's target was 2% to give investors a better return on their investment. Then add in things like staying with the TA instead of going with a power shift. The poor hydraulics mentioned by others. There was more than one reason people started buying other brands.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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