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Following years of financial and economic decline, International began selling its separate equipment divisions, starting with the sale of the construction division to Dresser Industries in 1982.
- March 22, 1902; 121 years ago
Oct 24, 2019 · By the 1930s, “IH” had 44% of the U.S. tractor market with its Farmall brand, twice the share of competitor John Deere. International Harvester had a reputation for building great, durable products, and an outstanding dealer network. Nevertheless, after World War II, the company began to rest on its laurels.
May 22, 2018 · IHC sold its agricultural lines to Case in 1984, creating Case International, part of the CNH Global group under Fiat ownership. IHC’s Solar Div. was sold to Caterpillar, which continues to build industrial gas turbines.
- Walt Moore
Oct 10, 2023 · The company began selling off divisions to stay afloat, starting with the construction division’s sale to Dresser Industries in 1982. In 1984, IH finalized a deal to sell the farm equipment division to Tenneco’s subsidiary Case Corporation, giving rise to Case IH.
Aug 28, 2019 · The IH farm equipment division became part of Case IH. The portion of International Harvester that was the truck division became Navistar. Harvester’s gloomy announcement on November 26, 1984 of plans to sell of its loss-ridden farm equipment division after more than 150 years in the industry.
By the early 1980s, the company was losing huge amounts of money, and it chose to sell its farm equipment business (as well as the International Harvester name) to Tenneco Inc., a competitor. By 1986, most of what had been International Harvester became Navistar International Corp.
Nov 8, 1981 · In its fiscal 1980 (which ended Oct. 31, 1980), International Harvester lost $397.3 million on sales of $6.3 billion.
