PDA

View Full Version : Studebaker Int. buys Sasco parts from TCU



55 prez
10-08-2009, 10:11 AM
I just read Ed Reynolds letter to the forum making it official that he has purchased the SASCO parts and will move them to the AM General building in South Bend. One of our SDC regional managers sent this to me so I'm confident of the facts.
I don't know why Ed's letter hasn't appeared on the forum.

Jim Caldwell
"The view don't change if you ain't the lead dog"

55 prez
10-08-2009, 11:19 AM
I found Ed's letter on the Studebaker International website.

Jim Caldwell
"The view don't change if you ain't the lead dog"

Milaca
10-08-2009, 11:44 AM
I looked and didn't find the letter. Where specifically?

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

showbizkid
10-08-2009, 11:55 AM
Yeah, I can't find it either.


[img=left]http://members.cox.net/clarknovak/lark.gif[/img=left]

Clark in San Diego
'63 F2/Lark Standard
http://studeblogger.blogspot.com
www.studebakersandiego.com

tbredehoft
10-08-2009, 12:53 PM
Never mind can't find the letter, this is Wonderful News. I know, it was expected but it's still great to know.

I'm sure Ed will put the effort into inventorying whats there and letting us know what we can expect to find.

Ed, If you see this, Thanks from all of us.

[img=left]http://www.alink.com/personal/tbredehoft/Avatar1.jpg[/img=left]
Tom Bredehoft
'53 Commander Coupe (since 1959)
'55 President (6H Y6) State Sedan
....On the road, again....
'05 Legacy Ltd Wagon
All Indiana built cars

Chris Pile
10-08-2009, 02:24 PM
quote:Never mind can't find the letter, this is Wonderful News.

While I am glad the parts were saved, I know some folks who wish someone other than Ed had bought them.

Chris Pile
Editor: The Studebaker Special
http://midwaystudebakers.tripod.com/

Allan Songer
10-08-2009, 02:25 PM
quote:Originally posted by Chris Pile


quote:Never mind can't find the letter, this is Wonderful News.

While I am glad the parts were saved, I know some folks who wish someone other than Ed had bought them.

Chris Pile
Editor: The Studebaker Special
http://midwaystudebakers.tripod.com/


Why didn't you buy them, then? Jeeeeeshh!

JRoberts
10-08-2009, 02:52 PM
quote:Originally posted by 55 prez

I just read Ed Reynolds letter to the forum making it official that he has purchased the SASCO parts and will move them to the AM General building in South Bend. One of our SDC regional managers sent this to me so I'm confident of the facts.
I don't know why Ed's letter hasn't appeared on the forum.

Jim Caldwell
"The view don't change if you ain't the lead dog"


Not to doubt what you are reporting Jim, but I would love to see the letter. It is indeed good news, something that we all hoped for and many even suspected. Now let me see where did I put that list of stuff I need.........;)

Joe Roberts
'61 R1 Champ
'65 Cruiser
Editor of "The Down Easterner"
Eastern North Carolina Chapter

Milaca
10-08-2009, 02:55 PM
I'm still looking forward to seeing the letter from Ed to confirm that the facts are correct. As for dealing with his company, Stude-Intl., I've been very satisfied. I've ordered off of his website with no issues and I purchased parts in person at the Cedar Rapids meet where I met him and his wife for the first time (she ran the register and seemed very nice).
Its nice to have a vast selection of vendors to deal with in order to shop around for the best deals, but maybe one larger vendor will be able to offer better deals (like Wal-Mart?). I wish them good luck (buying all of those parts is a huge expense to recover) and am happy they are making the effort to keep us supplied with new parts. I would also like to extend my appreciation to all of the Studebaker vendors for the parts availability. Good job folks!

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

41 Frank
10-08-2009, 03:13 PM
I received Mr. Reynolds's letter via e-mail from a third party yesterday and although I have no doubts as to its authenticity I believe Mr. Reynolds will release its contents himself here. And that is the way it should be. It contained information that only Mr. Reynolds would know that is why I believe it is authentic.

Chris Pile
10-08-2009, 03:32 PM
quote:Why didn't you buy them, then? Jeeeeeshh!

While I would have liked to, I'm sure there is a very good reason why I did not...
(I wonder what that might be?)....

Chris Pile
Editor: The Studebaker Special
http://midwaystudebakers.tripod.com/

55champion
10-08-2009, 04:13 PM
I hope it is true my 55 Champion is in need of several parts.I have ordered from Stude Int. with no problems so far.

JBOYLE
10-08-2009, 04:29 PM
Like most Stude owners, I've ordered parts from SASCO.
Never any problems.
The one time I (actually oldtrknut who's doing the work on my car) didn't like a part, SASCO cherfully exchanged it for a better looking piece.

Let's face it...how many guys (or firms) would be willing to spend big money for parts that will sell slowly over time? Not many is my guess.

I'm happy with the way it (seems to have) worked out.

63 Avanti R1 2788
1914 Stutz Bearcat
(George Barris replica)

Washington State

raprice
10-08-2009, 05:10 PM
While I'm waiting to see Ed's letter and/or e-mail, it sounds like terrific news to hear that he's purchased the SASCO inventory.
We in this Studebaker hobby of ours are indeed very fortunate to have Ed Reynolds in the business of supplying parts for our cars. I've dealt with Ed and his employees over the years since I bought my Lark in '91 and have been extremely pleased with the service.
Ed, if you can read this e-mail, please accept my thanks.
Rog

'59 Lark VI Regal Hardtop
Smithtown,NY

StudeMichael
10-08-2009, 07:04 PM
I can hear the moderator coming!!! Lock down!! This is not a free speech forum and radicals will be punished!!! SLAP!! BAM!! BOOM!!!

COMMANDERPINK1
10-08-2009, 07:41 PM
Eds letter was very interesting he will have his hands full for the next several months sorting and throwing and for the throwing part, to give everyone one last chance at the stuff is something

prager
10-08-2009, 07:43 PM
Reading the last couple of posts..wow!!! Anyhow..why the shock and awe?..Ed spoke of this transaction at the national meet...or so I have heard... This transaction has been in the works for a while now...Be it as it may..Like the man or not...The parts are secure and still available to us..the last of the Stude owners...Actually hopefully not the last...but for now we are...Thanks to Ed for steping up and saving the parts in question..We are all lucky that they have been saved reguardless of the buyer..

Making resverations at the poor house parking lot for me and my 62 Lark..

BRUCESTUDE
10-08-2009, 11:32 PM
This is great news!! I've dealt with SI quite a bit, and they are a great company, quality items, with great catalogs too!

Chris_Dresbach
10-08-2009, 11:39 PM
:D:D:D!!! Great News! Just save Building #92!
Cant wait to see the "new" sasco! What is he going to call the business anyway?

Chris Dresbach

Milaca
10-09-2009, 12:07 AM
quote:Originally posted by Chris_Dresbach

:D:D:D!!! Great News! Just save Building #92!
Cant wait to see the "new" sasco! What is he going to call the business anyway?

Chris Dresbach

I presume it will be called 'Studebaker International' as that is the name of his current company. However, being that two companies 'merged', maybe it should be called 'Studebaker-Packard'? :D

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

jclary
10-09-2009, 08:11 AM
quote:Originally posted by Chris_Dresbach

:D:D:D!!! Great News! Just save Building #92!
Cant wait to see the "new" sasco! What is he going to call the business anyway?

Chris Dresbach


Perhaps he could call the new company...Salvage Held In Tatters...you provide the acronym.:D

John Clary
Greer, SC
http://i518.photobucket.com/albums/u346/jconln/HPIM0372-2.jpg
Life... is what happens as you are making plans.
SDC member since 1975

Retired
10-09-2009, 08:33 AM
According to Ed's announcement letter, the name of the South Bend location will be "Studebaker International South Bend". In addition part of the the letter states "Most shipments will also be sent from Greenfield with the exception of some larger parts which may be shipped from South Bend"

Richard

bams50
10-09-2009, 09:35 AM
As asked previously, where is the letter?? I've been to the site 3 times now and see no hint of any "letter", in any of the pages.

Please provide a link!

Robert (Bob) Andrews- on the IoMT (Island of Misfit Toys)
Parish, central NY 13131
http://www.patrioticon.org/images/flag1-1.gif
GOD BLESS AMERICA

Dan White
10-09-2009, 09:45 AM
Provide a link or scan the darn thing and post it. This thread started with it being addressed to the forum, then on SI website (which it is not) and on and on and on. So where is it? If it is that big a deal I don't understand why revealing it to everyone is such a problem.

Dan White
64 R1 GT
64 R2 GT

StudeRich
10-09-2009, 10:45 AM
Well if the "select few" who got the email or were forwarded same, were not given permission to post the "Letter to the Forum" Letter, then I guess they need to wait for that.

StudeRich

lschuc
10-09-2009, 11:23 AM
You can read the press release from Studebaker International at this forum address:

http://www.aoai.org/forums/index.php?showtopic=1537



Lew Schucart
Editor, Avanti Magazine

Milaca
10-09-2009, 11:42 AM
Thank you Lew. Did you receive this directly from Ed Reynolds?

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

showbizkid
10-09-2009, 11:47 AM
Lew, thanks for posting the link. It's good to have Ed as the custodian of this trove.


quote:Originally posted by DEEPNHOCK

This forum has turned out not to be the best source for Studebaker info.
That's kind of embarrassing[B)]...


We do tend to be quick to conjecture sometimes, don't we? [?]


[img=left]http://members.cox.net/clarknovak/lark.gif[/img=left]

Clark in San Diego
'63 F2/Lark Standard
http://studeblogger.blogspot.com
www.studebakersandiego.com

Studedude
10-09-2009, 11:48 AM
"The previous owner had the benefit of not having to pay rent."

Did I read that correctly?

Dennis did not pay rent?

Or, was it the credit union that didn't pay rent?

Or, neither?

http://i142.photobucket.com/albums/r113/DavesPlace_photos/Misc/redlight.jpg
www.davesplaceinc.com

JRoberts
10-09-2009, 11:49 AM
I guess this makes it official. Let's all try to go along with Ed's requests to hold on a while while the relocation process takes place.



Joe Roberts
'61 R1 Champ
'65 Cruiser
Editor of "The Down Easterner"
Eastern North Carolina Chapter

Studedude1961
10-09-2009, 11:54 AM
Best news to come out of South Bend in many years. It takes guts in this economic climate to do what Ed has done. It says a lot for Ed. The purchase also pays great compliment to the Studebaker owner/driver community. The purchase says Studebakers, and their owners, are worth the risk. Thank you Ed for stepping up and preserving this last important Studebaker asset!

John Waddell
Omaha, NE

StudeRich
10-09-2009, 12:22 PM
quote:Originally posted by Studedude

"The previous owner had the benefit of not having to pay rent."
Did I read that correctly?
Dennis did not pay rent?
Or, was it the credit union that didn't pay rent?
Or, neither?

The City of South Bend owned the building, not the TCU, so the agreement was $1.00 a year rent, so that could clearly be considered FREE!

Since the City never maintained it, I would think that no maintenance was also in the agreement. :(

StudeRich

Milaca
10-09-2009, 12:38 PM
$18,000 a month for rent? $216,000 for a year? Convince South Bend to save building #92 and put one or two years worth of rent money into repairing it, then rent it to Ed for a low monthly fee. This would save Ed money (no moving expense either) and help keep the price of parts lower for us! :)

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

StudeRich
10-09-2009, 12:52 PM
quote:Originally posted by Milaca

$18,000 a month for rent? $216,000 for a year? Convince South Bend to save building #92 and put one or two years worth of rent money into repairing it, then rent it to Ed for a low monthly fee. This would save Ed money (no moving expense either) and help keep the price of parts lower for us! :)

NO, NO, NO! that makes WAY too much sense! [^]

Does ANYTHING that South Bend EVER does make any sense? [}:)]

StudeRich

Mark57
10-09-2009, 01:10 PM
Thanks Ed... I appreciate you taking on this challenge and look forward to continued access to the ex-SASCO/N&A Studebaker parts as and when needed.:)

<h5>Mark
'57 Transtar Deluxe
Vancouver Island Chapter
http://visdc.shawwebspace.ca/ </h5>

http://i186.photobucket.com/albums/x153/MarkH57/IMG_0443a.jpg

Scott
10-09-2009, 01:39 PM
You know what's funny? In 5 years it could be easier to maintain and restore your Studebaker than a Saturn!

BobGlasscock
10-09-2009, 01:46 PM
quote:Originally posted by Scott

You know what's funny? In 5 years it could be easier to maintain and restore your Studebaker than a Saturn!


Well, that's ok with me. I'll still have one collectable and one driver.

'50 Champion, 1 family owner
http://i251.photobucket.com/albums/gg316/studebakerbob/SDC%20avatar/Studebakerstuff019.jpghttp://i251.photobucket.com/albums/gg316/studebakerbob/SDC%20avatar/Studebakerstuff018.jpg

Milaca
10-09-2009, 03:03 PM
quote:Originally posted by Scott

You know what's funny? In 5 years it could be easier to maintain and restore your Studebaker than a Saturn!

You may be surprised how many Saturn diehards there are. I have one nearby and all he does for a living is buy wrecked Saturns and repairs them and resales them. He's the type of guy that might start a parts vendor company named....Saturn International [8D]

http://farm4.static.flickr.com/3473/3939471781_afa477b3ae_t.jpg
Brent's rootbeer racer.
MN iron ore...it does your body good.

Huck
10-09-2009, 04:32 PM
To: Ed THANK YOU!!
From: Huck

Gary Hildebrandt

toyman
10-09-2009, 09:25 PM
What are you thanking Ed for? He hasn't seen fit to post anything on the SDC Forumn! Apparently we are not worthy.

toyman

rockne10
10-09-2009, 09:33 PM
Please divert all additional comments to this topic.

http://forum.studebakerdriversclub.com/topic.asp?TOPIC_ID=33793

Studedude
10-09-2009, 09:52 PM
quote:Originally posted by toyman

What are you thanking Ed for? He hasn't seen fit to post anything on the SDC Forumn! Apparently we are not worthy.

toyman

He (Ed) beat you by +-8 minutes.

And, as I have often said before, no, we are not worthy. ;)[}:)]

http://i142.photobucket.com/albums/r113/DavesPlace_photos/Misc/redlight.jpg
www.davesplaceinc.com

BobGlasscock
10-10-2009, 07:43 AM
Thanks for the post, Dave. I couldn't come up with polite words and wouldn't post what I though about Toyman's post.

Maybe there will be an apology.

'50 Champion, 1 family owner
http://i251.photobucket.com/albums/gg316/studebakerbob/SDC%20avatar/Studebakerstuff019.jpghttp://i251.photobucket.com/albums/gg316/studebakerbob/SDC%20avatar/Studebakerstuff018.jpg

Skip Lackie
10-10-2009, 08:59 AM
quote:Originally posted by toyman

What are you thanking Ed for? He hasn't seen fit to post anything on the SDC Forumn! Apparently we are not worthy.

toyman

Let me respond to this as well as I can. First, I know that Ed reads Forum postings regularly, and occasionally responds on threads that focus on SDC business. As a board member, I occasionally have done the same -- mostly just to clarify how the club does business and why the club can't always do what seems to be a good idea to a poster(s).

But Ed is in a difficult position -- he also runs a big vendor operation -- a job that places him in a potential conflict-of-interest position with his SDC board member/president responsibilities. All in all, I think he does an exemplary job of separating the two functions -- for example, by abstaining on board votes that might be construed as benefitting vendors. If he weighed in on every issue discussed on this Forum, a few readers would misunderstand his motives and assume that he was committing either the club or SI to a particular course of action. So I understand and endorse his practice of reducing his contributions to some sort of minimum level consistent with explaining and clarifying SDC operations.

The SASCO-SI-TCU-city matter can truly be characterized as being unique -- and has also been of great interest to Forum denizens. The curiosity about the exact contents of Ed's posting is ample evidence of that. So if there ever was an issue on which he should have witheld any comment until he had facts to report, this was it.

Skip Lackie
Board member, Atlantic Zone

4961Studebaker
10-10-2009, 12:25 PM
quote:Originally posted by Skip Lackie
The SASCO-SI-TCU-city matter can truly be characterized as being unique -- and has also been of great interest to Forum denizens.



http://www.merriam-webster.com/home-aol.htm Def. #3 and this forum for sure. ;)

I thank all those involved for what they do/did to pick, ship, purchase and save parts. I'm reminded in Ed's closing monthly piece in TW that he'd like to spend some time to work on his Lark.
The guy seems tireless and with the SI S.Bend endevor........the past time of tinkering on the car must wait.

ChopStu
http://i132.photobucket.com/albums/q14/kkad0711/IMG_5406-1.jpg
140 weeks till completion.

warrlaw1
10-10-2009, 12:48 PM
Thank you, Ed. I'm just glad there'll more more Studes back on the road and parts to keep'em there. I'll still support all the vendors. Hell, I just had breakfast with Bob Petersen! My car will be saved by the efforts of all the vendors. Lamonte at CE did my floors, Phil at Fairborn has been wonderful and all the eBayers have contributed to the houseful of parts I now call home (lol).
Dave Warren / 55 Commander HT.

studeclunker
10-10-2009, 12:59 PM
Well, it's just as easy posting it here as well:

[quote]quote:Posted Yesterday, 10:21 AM

Following is a press release from Studebaker International:

It’s Official – Studebaker International Purchases SASCO Inventory

I’m very happy to announce that after many months of negotiation, an agreement has been reached between Studebaker International and Teachers Credit Union for S.I. to purchase the entire inventory of Studebaker parts that formerly belonged to SASCO.

I was first alerted to the possible sale this last April when I received an email from Dennis Lambert stating that the inventory was “for sale” and that he considered me to have the “know-how to handle the mass of parts”. It was only when we met at a later time that I learned the city of South Bend had given Dennis notice that the inventory would have to be moved as the building was to be demolished. It’s been a long process since then, looking at possible sites for the relocation, investigating what it would take to make the move and looking at sources of funding. I’m happy to report at this time that a formal agreement has been signed between Teachers Credit Union, owner of the inventory, and Studebaker International and I am now able to go ahead with the move.

Before I continue, I want to praise Dennis Lambert for his many years at Newman & Altman and then at SASCO providing parts. Dennis could have walked away from this inventory 10 years ago and these parts might have ended up as part of a landfill somewhere near South Bend. Instead, without much capital Dennis was able to secure the former Studebaker Engineering Building and move the huge inventory in a record amount of time and to continue making these parts available for Studebaker drivers. For this we owe him much gratitude.

I also want to acknowledge Teachers Credit Union and the city of South Bend for their determination to see that these parts were saved. There was never a doubt in my mind that both entities were concerned with the preservation of the inventory and its continued availability for Studebaker owners.

I am also happy to announce that Dave Spilski and George Imlar are now employed by Studebaker International and will continue working at our South Bend location.

The inventory will be moved to the Studebaker Business Center which is located in the southern part of South Bend on Chippewa Avenue. The U.S. government constructed this building during World War II for Studebaker to produce aircraft engines. We will share this huge facility with other businesses already operating from the complex. Please keep in mind that this new facility will not be open for some time, so please don’t come there now expecting to buy Studebaker parts or to tour the facility.



The new Studebaker International South Bend will in some ways be like the former business, but will incorporate my management style and will in many ways also be different. Beginning immediately, all orders for parts, either located in our Greenfield or South Bend locations, will be directed to our Greenfield store and South Bend phones will be diverted to Greenfield. Most shipments will also be sent from Greenfield with the exception of some larger parts which may be shipped from South Bend. Parts located in South Bend can still be ordered from the Greenfield location during this time of transition. We will do our best to keep you supplied with parts from either location. The South Bend store will remain closed for a few months while the move is taking place. Local residents are asked to please support the moving process by phoning orders to Greenfield and to not interrupt the moving process in South Bend. For those willing to wait a few days for their parts, orders may be picked up in South Bend.

Anyone who has toured the former SASCO site knows that there are multiple crates containing unidentifiable materials that are not car or truck parts, having no value and only taking up space. These w

BShaw
10-10-2009, 01:53 PM
Yes, this particular topic is no longer needed so it's locked. For the current info and discussion, go here:
http://forum.studebakerdriversclub.com/topic.asp?TOPIC_ID=33793

Thanks.

BShaw, Webmaster
webmaster@studebakerdriversclub.com
Woodbury, Minnesota