Re: ih down the tubes again

Posted by James2 on January 23, 2007 at 08:50:05 from (207.179.239.154):

In Reply to: Re: ih down the tubes again posted by kyhayman on January 22, 2007 at 18:10:09:

Cat took a severe shellacking when they sold Challenger. Spent 250 million on the 700-800 series design and sold the whole thing including the plant for 20 million and a few shares of Agco stock. Doesn't include the vast millions of dollars spent developing the original concept and releasing the original models. Cat finally realized that this was a losing proposition and best to get out before throwing away any more money. However they did make a run at buying CIH before Fiat bought them, knew they had to get bigger or get out. They were just a little too tight fisted.

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