Re: Was the 1957-1958 Packard manufactured ONLY for marketing purposes?
Posted by Rusty O\'Toole on 2013/9/1 13:05:51
There is another angle on this question. From a business standpoint when management realizes it is no longer possible to continue in the same business and make a profit it becomes necessary to make a plan for liquidating the company.
Often this includes running the business into the ground. Cutting back on new product development, neglecting upkeep of the factory and generally cutting expenses to the bone and using up all the resources they have left.
When the time comes to close the doors there is nothing left of value, everything has been turned to account.
I wonder when the top brass at Packard or Studebaker Packard realized the jig was up.
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