Reminder from: Crosley Yahoo! Group Title: October 3, 1952: Crosley Motors reports huge loss. Date: Monday October 3, 2011 Time: All Day Repeats: This event repeats every year. Location: Cincinnati, Ohio. Street: CROSLEY CAR OWNERS CLUB (CCOC) City State Zip: 4526 29th Avenue, Kenosha WI 531409-3044 Notes: CINCINNATI (AP) - Crosley Motors, Inc., which has discontinued making automobiles, today reported a net loss of $1,981,486 for the fiscal year ending July 31.
The report to stockholders listed the company's net sales during the year as $5,617,542, compared with $8,795479 for the previous year. Current assets were listed as $1,887,486 with liabilities at $1,872,733. The net working capital was reported at $14,897, compared with $1,071,947 on July 31, 1951.
The manufacture of Crosley automobiles was discontinued in June. The report said that action left the company with a $350,000 inventory for chassis and body parts and commitments for parts, represented by open purchase orders of approximately $1,600,000.
The management, the report said, is negotiating for the sale of the inventory and disposition of outstanding commitments. A $500,000 reserve fund has been set up for possible losses in liquidating the inventory and satisfying order commitments.
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Reminder from: Crosley Yahoo! Group Title: 1948: Powel Crosley III dies at 36. Date: Monday June 4, 2012 Time: All Day Repeats: This event repeats every year. Location: Miami, Florida. Street: CROSLEY CAR OWNERS CLUB - 4526 29th Avenue City State Zip: Kenosha, Wisconsin 53140-3044 Notes: Powel Crosley III, the son of Powel Crosley Jr. and Gwendolyn Bakewell Crosley, dies of a sudden heart attack at his Miami home. He had been the general manager for the Crosley Marine Research Laboratory in suburban Coral Gables, Florida. He is survived by his widow and three sons, all of Miami. Yahoo! Greetings: Send a Yahoo! Greeting Yahoo! Shopping: Browse Yahoo! Shopping Gift Guide Get reminders on your mobile, Yahoo! Messenger, and email.
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