Jump to content

One of President's Last Acts


murph the surf

Recommended Posts

In one of his last acts as President of Studebaker,Sherwood Egbert purchased ___ ____ ____ from ____ __________ for $250,000.

Link to comment
Share on other sites

Sorry R1-purchasing Paxton is incorrect.

Link to comment
Share on other sites

That is indeed correct,mfg!..The Novi cars were purchased for a purported $250,000 from Andy Granatelli,,which exceeded any company expenditure in excess of $200,000 that required Board of Directors approval.There has been some supposition that this purchase,done without Board approval,was the official reason for Mr. Egbert's departure.

Edited by murph the surf
Link to comment
Share on other sites

Yes, I guess the board didn't have much use for the race cars, as they let Andy donate three of them (that I know of) to the following museums......

 

1) # 56 Jim Hurtubise 1963 1st lap leader..to Indianapolis Hall Of fame Museum. (car built 1962)

2) # 9 Bobby Unser four wheel drive Ferguson (1964) ..to Motorsports Museum in Novi Michigan. (built 1964)

3) # 75 Art Malone 'Tired Iron' 1963 Kurtis-Kraft..to Talladega Speedway Museum, Alabama. (built 1956)

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...