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In December 1968 Ronald Saypol, Joshua Cowen's former grandson-in-law, became President and CEO of the Lionel Corporation, and in the following year, in an attempt to divest the company of what was by then determined to be a cash drain by the board and shareholders, began negotiations to sell their toy train line and lease the Lionel name to ...
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.
The train was designed with the parts pre-scored and tabbed for assembly without cutting or adhesive but the tabs were prone to coming apart, and the train did not stay on the cardstock track reliably once assembled. As a result, the paper train overwhelmed many customers, so often parents simply gave up on assembly and threw it out.
Lionel Corporation; Lionel Kiddie City; Lionel Trains: On Track; Lionel Wartime Freight Train; M. MTH Electric Trains; T. Trainmaster Command Control
Standard Gauge, also known as wide gauge, was an early model railway and toy train rail gauge, introduced in the United States in 1906 by Lionel Corporation. [1] As it was a toy standard, rather than a scale modeling standard, the actual scale of Standard Gauge locomotives and rolling stock varied.
Lionel has since licensed TMCC to some of its competitors, including K-Line, and aftermarket circuit boards are available to add TMCC to O scale and S scale trains that lack the capability. Neil Young's involvement in Liontech was the direct reason for his becoming aware of Kughn's putting Lionel Trains, Inc. up for sale in early 1995.