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The International Harvester Company (often abbreviated IH or International) was an American manufacturer of agricultural and construction equipment, automobiles, commercial trucks, lawn and garden products, household equipment, and more.
International Motors, LLC (formerly Navistar International Corporation) is an American holding company created in 1986. The successor to the International Harvester manufacturing company, International produces trucks and diesel engines under its own brand; [3] the company produces buses under the IC Bus name.
It was created in 1985 when Tenneco bought selected assets of the agricultural division from International Harvester and merged it into its J.I. Case Company (IH then became Navistar). Today Case IH is owned by CNH Industrial, an American-Italian corporation.
1902: McCormick, Deering Harvester Company, Plano Manufacturing Company, Champion Line and Milwaukee Harvester Company merge to create International Harvester (IH) 1923: Farmall, the "little red tractor", is introduced to the market 1942: Case first self-propelled combine is produced 1977: The first Axial-Flow rotary combine is produced
James joined the Deering Harvester Company in 1880 as treasurer. In 1902, J.P. Morgan and Company purchased Deering Harvester and McCormick Reaper Company and merged them to form the International Harvester Corporation, the largest producer of agricultural machinery in the U.S. Deering became vice-president of the new corporation, responsible for the three Illinois manufacturing plants.
In 1919, John Deere entered the harvester business, and International Harvester's reply to their new competition was to purchase P&O Plowing of Canton, Illinois, and the Chattanooga Plowing company of Chattanooga, Tennessee. Henry Ford also entered the tractor business with his Fordson Tractor produced at the massive Rouge River plant.
In 1982, the company acquired International Harvester's construction equipment business. [11] In 1984 the company acquired the earthmoving and mining product lines from American Standard's WABCO division, [12] for a bargain price of $66.3 million. [13]
For fiscal year 1980, 1981, and 1982, International Harvester incurred a combined three-year loss of $2.4 billion—the largest such three-year loss for any American company in history at the time. [33] International Harvester sold its farm equipment division to Tenneco in 1985, and changed its name in 1986 to Navistar International. [6]