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The Egbert papers #2 (June 1961)

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  • The Egbert papers #2 (June 1961)

    Richard Quinn
    Editor emeritus: Antique Studebaker Review

  • #2
    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.

    Ayn Rand:
    "You can avoid reality, but you cannot avoid the consequences of avoiding reality."

    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


    • #3
      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 auto

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      • #4
        Originally posted by Warren Webb View Post
        How much longer after this was the Gering Plastics division sold? That sale helped soften the loss the auto division had that year.
        Not sure of the DAY in 1961, Warren, but the 1962 Studebaker Corporation Annual Report says this:

        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.

        Ayn Rand:
        "You can avoid reality, but you cannot avoid the consequences of avoiding reality."

        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


        • #5
          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 :-)~ LOL
          John Clements
          Christchurch, New Zealand

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