Auto Business News-January 25, 2013--Details of new 2014 Mercedes-Benz E-L revealed(C)1994-2013 ENPublishing - http://www.enpublishing.co.uk
Car News China, an automotive news magazine, has revealed details of the new 2014 Mercedes-Benz E-L.
The Erie Lackawanna existed only for sixteen years, from 1960 until 1976, but the events leading up to the E-L merger as well as those following the railroad's demise illustrate, as the author suggests, "...
While Chapter 4 discusses the potential benefits of the E-L merger in yet far greater detail, perhaps the best lesson conveyed is that because of the all-encompassing objective of achieving merger, its liabilities were not sufficiently apparent to management until after the merger had been consummated.
In its earlier years the E-L failed to integrate itself into a single entity and thereby precluded its ability to reap the advantages of merger foreseen not only by its respective managements, but by the Interstate Commerce Commission and its on-line shippers as well.
Unique among railroad bankruptcies and indeed among the occasional history books on railroad bankruptcies is the treatment Grant gives to the final dissolution of the E-L's corporate assets.