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The Lionel Corporation would continue as a holding company. It invested in various chains of retail stores and electronics companies while receiving royalties on toy train sales made by General Mills (later Lionel Trains, Inc.). In 1991, it sold its trademarks to Lionel Trains, Inc. for $10 million and eventually went out of business in 1993.
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.
When Lionel Corporation introduced their line of HO scale trains in 1958, many of the trains were produced by Athearn. [4] Athearn also produced trains for the short-lived Cox Models brand of electric train sets in the 1970s. Many of these products were pre-existing items from the Athearn catalog repackaged with Cox branding. [5]
In 1974 and 1975, Lionel HO trains were produced by Roco before starting to move production to the Far East in 1976, completing the move by 1978. Some of Lionel HO trains between 1974 and 1978 were made by Athearn. On July 15, 2005 Roco Modellspielwaren GmbH was declared bankrupt and taken over by the creditor Raiffeisenbank.
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.
In 2009, the two joined forces, allowing MTH Trains to produce the Lionel tinplate electric trains with the official graphics. The interior electronics are from MTH Electric Trains, but the exterior bears the Lionel Corporation graphics. [2] In June 2020, it was announced that the CEO, Mike Wolf, will be retiring.
Trainmaster Command (TMCC) is Lionel's electronic control system for O scale 3-rail model trains and toy trains that mainly ran from 1994 to 2006. Conceptually it is similar to Digital Command Control (DCC), the industry's open standard used by HO scale and other 2-rail DC trains.
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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