In most cases, a subsidiary cannot have a higher credit rating than its parent firm.
The banks relieved those six of "substantially all" their duties at their parent firm.
The two parent firms disagreed on decisions made at, and about, Fiat-Allis.
Instead, they must go by the names of the lawyers from the parent firm who have been admitted to practice here.
The system also allows parent firms to concentrate on more capital intensive processes.
The subsidiary may eventually be made a separate company, leaving the parent firm with only the task of setting up transmission links.
Consolidation into the parent firm occurred in 2004.
The parent firm served as a holding company.
However, they took some commissions with them, resulting in a distinct rivalry with their parent firm.
In August, 1960 Peterbilt moved to the new facility and became a division of the parent firm.