IH meaning in Business ?

The International Harvester Company (often abbreviated by IHC or IH, or simply International (colloq.)) was an American manufacturer of agricultural and construction equipment, automobiles, commercial trucks, lawn and garden products, household equipment, and more. It was formed from the 1902 merger of McCormick Harvesting Machine Company and Deering Harvester Company and three smaller manufactures: Milwaukee; Plano; and Warder, Bushnell, and Glessner (manufacturers of Champion brand). In the 1980s all divisions were sold off except for International Trucks, which changed its parent company name to Navistar International (NYSE: NAV). Its brands included McCormick, Deering, and later McCormick-Deering, as well as International. Along with the Farmall and Cub Cadet tractors, International was also known for the Scout and Travelall vehicle nameplates.

Given its monumental importance to the building of rural communities the brand continues to have a massive cult following. The International Harvester legacy non-profits host some of the largest agriculture related events in the United States.

Following years of financial and economic decline, International began selling its separate equipment divisions, starting with the sale of the construction division to Dresser Industries in 1982. In November 1984 IH finalized a deal with Tenneco to sell the farm equipment division to Tenneco's subsidiary Case Corporation, and the brand continues as Case IH which is owned by Fiat. The European division exists today as McCormick Tractors and is owned by ARGO SpA of Italy. International became solely a truck and engine manufacturer and reorganized as Navistar International in 1986. Throughout its existence International Harvester was headquartered in Chicago, Illinois. In 2020 Volkswagen agreed to fully purchase the remaining shares of Navistar.