Re: What SINGLE factor MOST contributed to the demise of Packard?

Posted by HH56 On 2013/4/26 12:34:44

And not only Studebaker books. I think Packard did some other endeavors relying on handshakes and promises instead of written contracts. Believe there was a shared stamping arrangement with another mfg which didn't work out to Packards advantage or at least last as long as they expected it to.

I think one of the major blows was the loss of defense money. After the large expenditure to build a plant for the jet engines and then thinking they had a reliable source of income to tide them over while they did the other things must have hurt as much as Studebaker.