Exhibit 24(vii)


                                POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS, that the undersigned Director of NMHG Holding
Co. hereby constitutes and appoints Geoffrey D. Lewis, Michael K. Smith, Charles
A. Bittenbender and Constantine E. Tsipis, and each of them, as the true and
lawful attorney or attorneys-in-fact, with full power of substitution and
revocation, for the undersigned and in the name, place and stead of the
undersigned, to sign on behalf of the undersigned as Director of NMHG Holding
Co., a Delaware corporation, an Annual Report pursuant to Section 13 of the
Securities Exchange Act of 1934 on Form 10-K for the fiscal year ended December
31, 2002, and to sign any and all amendments to such Annual Report, and to file
the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting to said
attorney or attorneys-in-fact, and each of them, full power and authority to do
so and perform each and every act and thing requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as the
undersigned might or could do in person, hereby ratifying and confirming all
that said attorney or attorneys-in-fact or any of them or their substitute or
substitutes, may lawfully do or cause to be done by virtue hereof.




                                          /s/ Richard de J. Osborne
                                     -----------------------------------------
                                              Richard de J. Osborne


Date: February 12, 2003
      --------------------------