<VV> Re: Corvair Didn't Make Money

vairologist@juno.com vairologist@juno.com
Thu, 29 Jul 2004 19:06:12 -0400


Smitty says:  Madman Muntz proved in the early 50s that you didn't have
to break even on the initial sale of a product to make money.  He sold
hundreds of thousands of cars at $1 over invoice.  GMAC was no slouch at
working an interest rate to make a buck.