Word: packards
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...boost the profits, Nance has turned Packard upside down. When he took over, Packard had several things to its credit: a solid cash position, a restyled car, and one of the best engineering divisions in the auto industry. But dealers were overloaded with cars, sales were slow, and the payroll was heavy with deadwood...
Nance's first move was to start a retirement plan which would 1) attract good executives to Packard, and 2) enable the old ones who couldn't keep up with the Nance pace to be pensioned off. In the plan's first month of operation, 400 supervisory employees were put out to pasture. Nance set about filling the vacancies with younger men from Packard's own ranks, from other auto companies or Hotpoint, and set them all to work cutting production costs. Then he toured the U.S. giving dealers pep talks and listening to their complaints...
...Nance had a word of warning-for other automakers as well as Packard...
...units a year while the latest registration figures show that dealers are selling at a rate of 5½ million units . . . The auto industry must get back into the business of selling.'' Some makes, said Nance, are already backing up in dealers' showrooms, but not Packard. Three months ago, Packard inventories averaged eleven cars per dealer, now they are down to six. Says Jim Nance: "We've got a long way to go, but we've made some real progress...
...Studebaker Land Cruiser (with automatic shift), 22.88; Plymouth Cranbrook, 22.83; Nash Ambassador, 22.54; Ford Mainline Eight, 22.51; Kaiser Manhattan, 22.27; Hudson Jet, 22.05; Kaiser Dragon, 21.45; Nash Ambassador Custom, 21.12; De Soto Firedome V8, 20.92; Lincoln Capri, 19.94; Nash Statesman, 19.44; Hudson Super Wasp, 19.09; Hudson Hornet, 18.95; Packard Clipper, 18.67; Chrysler New Yorker, 17.75; Chrysler Imperial...