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Richard Quinn
Editor emeritus: Antique Studebaker Review -
Hmmmm....the 1962 line is on a forced draft schedule?
That's good news; 'sounds like a hint of supercharging to come! <GGG> BP
We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge. 
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it. -
How much longer after this was the Gering Plastics division sold? That sale helped soften the loss the auto division had that year.59 Lark wagon, now V-8, H.D. auto!
60 Lark convertible V-8 auto
61 Champ 1/2 ton 4 speed
62 Champ 3/4 ton 5 speed o/drive
62 Champ 3/4 ton auto
62 Daytona convertible V-8 4 speed & 62 Cruiser, auto.
63 G.T. Hawk R-2,4 speed
63 Avanti (2) R-1 auto
64 Zip Van
66 Daytona Sport Sedan(327)V-8 4 speed
66 Cruiser V-8 autoComment
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Not sure of the DAY in 1961, Warren, but the 1962 Studebaker Corporation Annual Report says this:Originally posted by Warren Webb View Post
During the year ending December 31, 1961, the sale of the Gering Plastics Division yielded a Net Gain for the Corporation of $5,668,867.
You are correct about that softening the loss, because the Corporation had a NET LOSS of $3,133,143 before the Special Credit (Net Gain) of $5,668,867 "to the good" was applied from the Gering Plastics Division sale, producing a Net Income of $2,535,724 for the year ending December 31, 1961.
(I'd say "softening the loss" is a bit of an understatement in this case! <GGG>)
Good Question and Comment, Warren. BP We've got to quit saying, "How stupid can you be?" Too many people are taking it as a challenge.
G. K. Chesterton: This triangle of truisms, of father, mother, and child, cannot be destroyed; it can only destroy those civilizations which disregard it.Comment
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According to the 1966 report The corporation lost $16,927,000 (auto related) in 1963 and had a profit of $16,465,000 in 1966. 1966 sales were up 17% from 1965 (eliminating auto sales of $44,973,000 in 1965) 1965 sales were $147,765,000 1966 sales were $172,887,000 so cars were not missed . Except by BP and George Krem and their friends :-)~ LOLJohn Clements
Christchurch, New ZealandComment
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