<VV> Corvair didn't make money?

[corvairs]

Well it also doesn't tell the same story because Corvair legend has it 
that Chevy made acceptable profit from 1960-62, small profit from 63-65, 
a loss in 66 and huge losses in 67-69. Now, this also has to be balanced 
with the amortization  of a reported $160 million (1950's dollars)  
invested by Chevy in R&D etc etc etc. can any of this be proven? 
Probably never. Lon

www.corvairunderground.com

BobHelt@aol.com wrote:

>In a message dated 7/29/04 10:01:36 AM US Mountain Standard Time, 
>joelsplace@earthling.net writes:
>
>>remember reading a few years ago in a Corvair book that GM lost $5 per
>>vehicle over the 10 years.  I had a detailed explanation of production costs
>>vs other vehicles etc.  Of course I don't remember what the name of the book
>>was.
>>
>>Joel in Keller, TX (DFW area)
>>
>
>Hi Joes,
>I never saw the $5 figure, but John Wipff in his "Compleat History......." 
>book Vol 1 stated that GM had a loss of "about" $50 on each Corvair. Maybe that 
>was what you read? (Shows the reliability of memory). The problem is again, 
>that he stated an opinion with no facts or references to support his thesis. No 
>detailed explanations of production coste, etc were presented. One would have 
>to dig into the GM financial statements (10Ks???)  for those years to get the 
>real story, assuming that the Corvair facts are broken out. 
>Regards,
>Bob Helt
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