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Lionel's prized 700e Hudson was cataloged in O-gauge from 1937 as their top-of-the-line train. The larger Standard Gauge no longer symbolized top-of-the-line Lionel. Lionel last showed Standard Gauge in their 1940 catalogs, ultimately only offering rolling stock, which suggests they were selling off existing inventory.
Lionel, LLC is an American designer and importer of toy trains and model railroads that is headquartered in Concord, North Carolina.Its roots lie in the 1969 purchase of the Lionel product line from the Lionel Corporation by cereal conglomerate General Mills and subsequent purchase in 1986 by businessman Richard P. Kughn forming Lionel Trains, Inc. in 1986.
Lionel Corporation was an American toy manufacturer and holding company of retailers that was founded in 1900 and operated for more than 120 years. It started as an electrical novelties company. Lionel specialized in various products throughout its existence. Toy trains and model railroads were its main claim to fame. [1]
The Lionel 1680 tanker car, for instance, was an Ives design that remained in Lionel's catalogs right up to the start of World War II. Even more significantly, the Ives e-unit first introduced in 1924 lived on in Lionel locomotives, with a modified version of the Ives design first appearing in Lionel trains starting in 1933.
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The deal was finalized on April 18, 2006, and Lionel made the announcement the following day. From 2006 through 2010, Lionel continued a limited run of K-Line trains called K-Line by Lionel, and issued separate K-Line by Lionel catalogs until 2010, when those products were folded into a section in Lionel's own catalog.