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Fiat Allis
Fiatallis (1983 to early 2000s, Fiat-Allis 1974 to 1982), was a brand of heavy equipment (also called construction equipment, earthmoving equipment, or engineering vehicles), such as loader (equipment), loaders, bulldozers, backhoes, wheel tractor-scraper, scrapers, and graders. It began in January 1974, when Allis-Chalmers's construction equipment business was reorganized into a joint venture with Fiat, Fiat SpA,.. which bought a 65% majority stake at the outset. Allis-Chalmers's construction equipment business was often unprofitable during the 1950s and 1960s. It faced stiff competition from companies such as Caterpillar Inc., Caterpillar, Case Corporation, Case, International Harvester, Euclid Trucks, Euclid, John Deere, Fiat Trattori, Fiat MMT, and several others. The 1974 formation of a new company, Fiat-Allis Construction Machinery Inc., was essentially a divestment for Allis-Chalmers so that capital could be redirected to their other more profitable divisions. In December ...
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Euclid Trucks
The Euclid Company of Ohio was a company that specialized in heavy equipment for earthmoving, namely dump trucks, loaders and wheel tractor-scrapers. It operated in the US from the 1920s to the 1950s, when it was purchased by General Motors. It was later purchased by Hitachi Construction Machinery. History Founding The Euclid Company of Ohio specialized in specifically designed off-road heavy haulers, compared to other companies that modified on-road trucks for off-road earth-hauling. The Euclid Crane and Hoist Co., formed in 1909 and owned by George A. Armington and his 5 sons, became a large, respected and profitable operation by the early 1920s. The Euclid Crane and Hoist Co., introduced the Euclid Automatic Rotary Scraper in 1924 - soon followed by the Euclid Wheeler (wheeled) scraper. These earth-moving products were conceived by George's eldest son, Arthur, who steered the company into the earth-moving field. The two models of scrapers were successful, and a third model ...
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Deerfield, Illinois
Deerfield is a north shore suburb of Chicago in Lake County, Illinois, United States, with a small portion extending into Cook County, Illinois. The population was 19,196 at the 2020 census. Deerfield is home to the headquarters of Walgreens Boots Alliance, Baxter Healthcare, and Fortune Brands Home & Security. Deerfield is often listed among some of the wealthiest and highest earning places in Illinois and the Midwest. The per capita income of the village is $68,101 and the median household income is $143,729. History Beginnings Originally populated by the Bodéwadmiakiwen ( Potawatomi), Myaamia (Miami), Kiikaapoi ( Kickapoo), Peoria, and Očhéthi Šakówiŋ (Oglala Sioux) Native Americans, the area was settled by Horace Lamb and Jacob B. Cadwell in 1835 and named Cadwell's Corner. A shopping center located on the site of Cadwell's farm at Waukegan Road and Lake Cook Road still bears that name. The area grew because of the navigable rivers in the area, notably the Des Plai ...
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Case Construction Equipment
Case Construction Equipment (stylized as CASE Construction Equipment, commonly referred to as simply Case) is an American manufacturer of construction machinery. Along with CASE IH, Case Construction Equipment is a brand of CNH. Case produces construction equipment including excavators, motor graders, wheel loaders, vibratory compaction rollers, crawler dozers, skid steers, and compact track loaders. Early history The origins of Case date to 1842, when Jerome Increase Case (born in 1819) created ''Racine Threshing Machine Works'' in Racine, Wisconsin. The company produced its first portable steam engine in 1876, which is now on display at the Smithsonian Institution. In 1957 Case made the ''320 Construction King'' backhoe loader. Since 1969 Case has manufactured skid steers, starting in Burlington, Iowa and later moving production to Wichita. Recent history The company evolved into the Case Corporation, which merged with New Holland in 1999 to become CNH Global which in ...
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New Holland Construction
New Holland Construction is an American manufacturer of construction machinery. Along with New Holland Agriculture, New Holland Construction is a brand of CNH. New Holland Construction produces construction equipment including backhoes, excavators and loaders. History New Holland Construction was founded in 1895 in New Holland, Pennsylvania; in 2005 New Holland Construction Brand was created with a global full-line product offering. Since 1999, New Holland is a brand of CNH, which was demerged from Fiat Group to Fiat Industrial at the start of 2011. Operations New Holland equipment is built all around the world; the headquarters is in Turin, Italy and with ten plants and ten research and development centers spread globally, more than 800 dealers and 2,100 outlets. It is present in 100 countries worldwide. New Holland produces thirteen product families, five in the heavy range and eight in the light range; products include dozers, miniexcavators, graders, wheel loaders, ...
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New Holland Machine Company
:''This is a historical article. For current information see New Holland Ag'' The New Holland Machine Company was founded in 1895, when a young man by the name of Abram Zimmerman purchased a horse barn in New Holland, Pennsylvania, and established a blacksmith shop. Zimmerman was the third of seven children born to the Martin W. and Anna (Martin) Zimmerman. The Zimmermans were a very conservative Mennonite family. Abram Zimmerman was a mechanical genius who brought his talents to bear in the new blacksmith business as he began repairing and making farm machinery for the local farmers. Historic building The New Holland Machine Company building located at 146 E. Franklin St. in New Holland, was built in eight sections between 1903 and 1952. It is a two-story, irregularly shaped, evolutionary industrial brick building. The facility closed in 1992. ''Note:'' This includes It was listed on the National Register of Historic Places in 2000. Otto and Columbus engines Abram Zimmer ...
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CNH (company)
CNH Industrial N.V. is an Italian-American multinational corporation with global headquarters in Basildon, United Kingdom, but controlled and mostly owned by the multinational investment company Exor, which in turn is controlled by the Agnelli family. The company is listed on the New York Stock Exchange and on Borsa Italiana: it is a constituent of the FTSE MIB index. The company is incorporated in the Netherlands. The seat of the company is in Amsterdam, Netherlands, with a principal office in London, England. Through its various businesses, CNH Industrial designs, produces, and sells agricultural machinery and construction equipment (Case IH and New Holland brand families). Present in all major markets worldwide, CNH Industrial is focused on expanding its presence in high-growth markets, including through joint ventures. CNH Industrial currently employs more than 63,000 people in 67 manufacturing plants and 56 research and development centers. The company operates across 180 ...
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Hitachi
() is a Japanese multinational corporation, multinational Conglomerate (company), conglomerate corporation headquartered in Chiyoda, Tokyo, Japan. It is the parent company of the Hitachi Group (''Hitachi Gurūpu'') and had formed part of the Nissan Group, Nissan ''zaibatsu'' and later DKB Group and Fuyo Group of companies before DKB and Fuji Bank (the core Fuyo Group company) merged into the Mizuho Financial Group. As of 2020, Hitachi conducts business ranging from Information technology, IT, including Artificial intelligence, AI, the Internet of things, Internet of Things, and big data, to infrastructure. Hitachi is listed on the Tokyo Stock Exchange and Nagoya Stock Exchange and its Tokyo listing is a constituent of the Nikkei 225 and TOPIX Core30 indices. It is ranked 38th in the 2012 Fortune Global 500 and 129th in the 2012 Forbes Global 2000. History Hitachi was founded in 1910 by electrical engineer Namihei Odaira (1874–1951) in Ibaraki Prefecture. The company's firs ...
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Divestment
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm. A divestment is the opposite of an investment. Divestiture is an adaptive change and adjustment of a company's ownership and business portfolio made to confront with internal and external changes. Motives Firms may have several motives for divestitures: # a firm may divest (sell) businesses that are not part of its core operations so that it can focus on what it does best. For example, Eastman Kodak, Ford Motor Company, Future Group and many other firms have sold various businesses that were not closely related to their core businesses. # to obtain funds. Divestitures generate funds for the firm because it is selling one of its businesses in exchange for cash. For example, CSX Corporation made divestitures to focus on its core railroad business and also to obtain funds so that it could pay off some ...
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Fiat Trattori
Fiat Trattori S.p.A. was a Fiat group company founded in 1919, and was a constructor of agricultural equipment, tractors in particular. Over its decades of history, it established itself as Italy's leading constructor and one of the biggest in Europe; in 1991, it took over Ford-New Holland and adopted its name to increase its status on the world markets. In 1999, New Holland acquired Case Corporation to create CNH Global, in which Fiat Industrial was the majority shareholder until the two firms merged to create CNH Industrial in 2013. History Origins The history of Fiat Trattori began in 1918 when it launched its first tractor, the Fiat 702, which had . The model 702 was followed by the 702A, B, and BN variants, and then the 703B and 703BN. With these variants, in production until 1925, Fiat Trattori reached the milestone of the 2,000 units produced.In 1929, the plant was selling more than 1,000 tractors a year. In 1932, it launched the first European crawler tractor, the ...
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John Deere
Deere & Company, doing business as John Deere (), is an American corporation that manufactures agricultural machinery, heavy equipment, forestry machinery, diesel engines, drivetrains (axles, transmissions, gearboxes) used in heavy equipment, and lawn care equipment. The company also provides financial services and other related activities. Deere & Company is listed on the New York Stock Exchange under the symbol DE. The company's slogan is "Nothing Runs Like a Deere", and its logo is a leaping deer, with the words 'JOHN DEERE' under it. Various logos incorporating a leaping deer have been used by the company for over 155 years. Deere & Company is headquartered in Moline, Illinois. Deere & Company ranked in the 2022 ''Fortune'' 500 list of the largest United States corporations. Their different tractor series include D series, E series, Speciality Tractors, Super Heavy Duty Tractors, and JDLink. 19th century Deere & Company began when John Deere, born in Rutland, Vermon ...
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