The Fiat auto division has been hard pressed to turn a profit in the past years. Fiat is sometimes cash starved. The agriculture/construction division CNH, has been a consistent profit maker but ties up a large amount of capital. Fiat has talked about selling CNH just to generate capital for the auto division.
The trouble is there are few companies or investors that are interested because of the huge amount of capital required for the purchase as outlined in the past. Also there is a political component as the Italian government is part owner of Fiat. This often seems to push the auto division as a higher priority as there are more jobs in Fiat's European auto plants than the CNH plants.
I think if the Fiat/Renault merger happens than the possibility of CNH being sold is greater just because of monetary demands on Fiat as a company. Also world wide commodity prices seem to be dropping which will make it hard to keep the new equipment sales volume up.
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Today's Featured Article - A Towny Goes Plowing - by Anthony West (UK). I live in an area renowned for its rural beauty. Small fields with hedgerows and trees are common place, as are small hamlets with village greens and the odd duck pond complete with swans. The center of any village once the shop is closed is the old tavern. Rustic places with cheerful names like "The Griffin" "Red Lion" or "The Plough and Harrow" are found dotted around the country lanes all over the place. The warm glow of yellowish light can be seen for quite some distance at dusk, and
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