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

[Kelly Hardie <ramblinguy.kelly@xxxxxxxxx>]

"building a Hornet derived vehicle as late as1980."

Or even 87, if you count the Eagle...

Kelly

Swygert, Francis G MSgt 436 CES/CECM wrote:
> 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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