[Amc-list] Happy Birthday Gremlin....

["Swygert, Francis G MSgt 436 CES/CECM" <Francis.Swygert3@xxxxxxxxxxxx>]

Just think, it's hard to find a good Gremlin for $1998 now, even a
stripped model! The two seater that sold for that price is considered a
rarity even among AMC people!!

I don't think it's fair to say "we almost lost AMC in 1970". They
weren't that bad off, just on paper. Not only were there "losses" from
the purchase of Jeep, there were also "losses" from tooling up to build
the Hornet and Gremlin, and to make all the changes necessary to convert
the suspension on all models. Most of those losses can be attributed to
the re-tooling and stocking costs of such big changes. In other words,
the losses are part of the normal cycle of any big manufacturing
operation. A big investment was made in machinery that would last a long
time, and the cost of which is amortized over many years, but it all
shows up as a loss early on. Yes, AMC was up to their eyeballs in debt,
but the tooling for the Hornet and derivatives and the purchase of Jeep
would end up being the best investments AMC ever made. At least the
Hornet tooling was purely accidental though. I'm sure no one at AMC
thought they would still be building a Hornet derived vehicle as late as
1980. 
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