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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.
The International Harvester "IH" logo in Case IH represents the head-on view of a farmer driving a tractor. The "I" symbolizes the driver of a tractor and is known as the red driver "I". 2007 was the Steiger tractor's 50th anniversary. At present, CNH Global continues to manufacture the tractors branded Case IH.
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 1984, Case parent Tenneco bought selected assets of the International Harvester agriculture division and merged it with J. I. Case. All agriculture products are first labeled Case International and later Case IH. They used the 94 Series Case Utility, two- and four wheel drives for Case IH's first tractor together as a company.
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]
SRC was established in 1983 when 13 employees of International Harvester purchased a part of that company that rebuilt truck engines, [3] with $100,000 of their own money and $8.9 million in loans, with the goal of saving 119 jobs. [4] By 1988, SRC's debt to equity ratio was down to 1.8 to 1, and the business had a value of $43 million.