Fiatallis

It began in January 1974, when Allis-Chalmers's construction equipment business was reorganized into a joint venture with Fiat SpA,[1][2] which bought a 65% majority stake at the outset.

It faced stiff competition from companies such as Caterpillar, Case, International Harvester, Euclid, John Deere, Fiat MMT, and several others.

The 1974 formation of a new company, Fiat-Allis Construction Machinery Inc., was essentially a divestment for Allis-Chalmers so that capital could be redirected to their other more profitable divisions.

As the joint venture progressed, Fiat continued to invest in Fiat-Allis and Fiatallis much more than their partner Allis-Chalmers and eventually increased their ownership stake to 85% in the early 1980's.

[6] The longtime site of wheel loader production in Deerfield, Illinois at 500 Lake Cook Road is now the corporate location for Caterpillar, Inc.