Oliver wasnt bankrupt and it didnt go on the auction block. White acquired Oliver through a corporate takeover when it gained majority control of 51% of the company on November 1 1960. White then bought Cockshutt in 1962 and Moline in 1963. White did away with Cockshutt replacing them with Oliver tractors as everybody knows. However Oliver and Moline continued to operate as fairly separate entities until 1969 when White began merging the 2 tractor lines. Both companies continued seperate R&D and maintained separate Dealer networks so yes even though White was pocketing the money, No Oliver did not cease to exist after the 1960 takeover.
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Today's Featured Article - Tractor Profile: Allis-Chalmers Model G - by Staff. The first Allis-Chalmers Model G was produced in 1948 in Gasden, Alabama, and was designed for vegetable gardeners, small farms and landscape businesses. It is a small compact tractor that came with a complete line of implements especially tailored for its unique design. It featured a rear-mounted Continental N62 four-cylinder engine with a 2-3/8 x 3-1/2 inch bore and stroke. The rear-mounted engine provided traction for the rear wheels while at the same time gave the tractor operator a gre
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