Gunny - You're right, IH never went bankrupt, but only by the skin of their teeth. A long UAW strike left them with no cash. Then the mgrs sold off chunks of the business - before the barbarians crashed through the gates. The early 1980's was a tough time for farm equipment manufacturers. White Farm Eqpt went bankrupt in '82, Massey Ferguson and Allis Chalmers struggled to survive, as well as IH.
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