Re: What if S-P had more money in 1957?
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Home away from home
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Another part of the equation that has not been discussed has been S-P's loss of Department of Defence (DOD) contracts at the end of the Korean War and into the Eisenhower Era. When the Armistice talks got serious, DoD started cancelling a number of contracts with various defence contractors, including S-P. Also, in the early 1950s, the new Eisenhower Administration wanted to arrest the growth of defence spending which also hurt S-P.
Finally, not an insignificant contributor to S-P's cash woes was the fact that one of the prime DoD procurement officers in the Eisenhower Administration was a former General Motors man who singled out S-P for cancelling contracts and depriving it of new DoD work. A very significant portion of S-P's combined revenues had derived from Government contract work and the loss of that work deprived it of a significant amount of working capital in the early to mid-1950s. By the time defence work picked up after the October 1957 launch of Sputnik, Packard was doomed to extinction and Studebaker could barely hold on for a few more years.
Posted on: 2012/3/21 19:26
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PA Patrician (Tim Wile)
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Re: What if S-P had more money in 1957?
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Home away from home
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Esquireman makes a very interesting proposal. The car would have needed to be perfect... no hick-ups with anything - engineering, quality, craftsmanship, styling. Nothing. The '58 hardtop coupe might have been the only viable starting point. 2-door and 4-door hardtops and a convertible. No body insert between the front and rear doors on the 4-dr hardtops. Front and rear styling that said "wow".
On the mgmt comments, were Nance to have ultimately led AMC rather than Romney, AMC might not have seen the 60s. Why? Because everything automotive that Nance touched turned to rust. A fine man, I am sure, and a good banker. But not a car guy.
Posted on: 2012/4/5 15:28
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