Re: How much money did GM have during the Great Depression?

Posted by Owen_Dyneto On 2007/12/21 9:49:44

This all has nothing to do with Packards, but interesting history none-the-less. Another great read is what happened to the VW plant and design after the war. VW ended up in the British sector and was somewhat complicated by the fact that much of the assets were paid for in the form of deposits (for undelivered cars) by the German public. Eventually the Brits hired Humber to evaluate the factory and engineering, and Humber (who apparently wasn't all that sharp) decided it was all pretty much worthless; thus the Brits decided not to take it and turned it over to the Germans to manage and try to restore their shattered economy. Doesn't say much about Humber does it! There is a really good book on this, I just don't remember the title and author.