masey fergusan

Conrad Black take over
In the 1970s, Massey Ferguson came under the control of Conrad Black. During the late 1970s, production was relocated to a new large facility in Brantford, Ontario. In 1978 Massey Ferguson was the first to introduce an electronic control system for the three-point hitch on a tractor.^{[citation needed]}
In 1973, Massey purchased the German company Eicher, and many Massey-licensed Eichers were built. They later sold their interest, and Dromson now owns the company. They now build specialized tractors for vineyards and such.
In 1981, Black donated his shares in Massey Ferguson to the employee's pension plans leading the way to a $250 million government bail-out from the Government of Canada and the Province of Ontario for the collapsing company which later renamed itself as Varity Corporation. In the mid 1980s, Varity spun off several money-losing divisions into an entity called Massey Combines Corporation. Massey Combines Corporation was headquartered in Brantford, Ontario and became insolvent on March 8, 1998, and its assets were re-acquired by Massey Ferguson.