Re: One Story Assembly Plant What If?

Posted by 58L8134 On 2010/10/2 9:52:20

Hi John

Thanks for the insights about the plant equipment, it makes sense those type of deals took place between principals in those days. That is an insight only a man with insider connections would have, great to have it shared.

Do you have any information about how long the EGB dual assembly lines were employed? One would think that would have been the prefect set-up to separate the middle-priced from the luxury model production given the differential in labor content to create each.

Nance certainly had the long-term objectives of survival and revival for Packard. Unhappily, his lack of auto industry experience caused him to assume everything could be done at once to correct the problems he found. And he seemed to operate as if Packard had an endless bottom to its finances to execute those needed changes. Drain the money, kill the company.

Steve

PS: P/L?