PDA

View Full Version : GEHL on Life Support

jefftb
05-04-2009, 12:27 PM
For those of you around here interested in owning or own a Gehl machine, they are on credit life support....

http://www.gehl.com/

Check out the 4.16.09 news announcement. Forbearance is a temporary agreement that a lender gives a debtor time to bring their payments up to date or in line.
stuvecorp
05-04-2009, 01:02 PM
I guess it doesn't surprise me as CNH Capital was(maybe still is) having issues. We will probably hear of some more this year.
bobcat_ron
05-04-2009, 09:24 PM
Geez, 150 years of service, and they chrome the sh*t out of a skid steer loader and then announce this.
NEUSWEDE
05-04-2009, 10:38 PM
I am a proud Gehl owner and it doesn't surprise me. Same thing as GM when you can get the same product branded under another name it is only a matter of time. I like my skid and service and they are one of the few that are offering 0% on excavators right now
jefftb
05-04-2009, 10:44 PM
Neuswede,

Where you residing there in seaside Maine?
NEUSWEDE
05-04-2009, 10:47 PM
Neuswede,

Where you residing there in seaside Maine?

Just outside Portland in southern Maine
Digdeep
05-04-2009, 10:58 PM
For those of you around here interested in owning or own a Gehl machine, they are on credit life support....

http://www.gehl.com/

Check out the 4.16.09 news announcement. Forbearance is a temporary agreement that a lender gives a debtor time to bring their payments up to date or in line.

They've since reached ageement with their debtors on a new timeline. I read today that Fiat is now trying to buy Opal and possibly Saab and another car company in Europe from GM. This could mean trouble for CNH since Fiat was already after the $5 billion they loaned to CNH last year. Fiat will need to generate big bucks to close the deal with Chrysler and GM. This would make Fiat probably the #2 car manufacturer after Toyota. GM is falling fast. CNH and Iveco may be on the market to generate the needed cash.
jefftb
05-04-2009, 11:09 PM
Just outside Portland in southern Maine

Maine is one of my family's favorite vacation states, trout fishing in the Rangeley region to Acadia, NP and that wonderful coastline. They even have a wonderful little burg, Brownfield, ME-my family's name.

Been there long enough to even be close to consideration as a local?